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(SOTL) Savita Oil complete technical analysis [charts+indicators] | Buy/Sell Savita Oil | (SOTL) share price targets

Complete technical analysis of Savita Oil (SOTL) by charts plus indicators, forecast predictions and share price targets for Savita Oil (SOTL)

Savita Oil trades in NSE in Refineries sector.

Showing technical analysis as on 2024-03-15 View latest technical analysis

10 day averaged volume of Savita Oil is 222327

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	407.60	412.00	418.00	402.50	0.517 times
14 Thu Mar 2024	412.20	396.00	415.00	393.80	0.653 times
13 Wed Mar 2024	398.80	411.90	420.00	390.05	1.862 times
12 Tue Mar 2024	409.90	398.00	433.60	396.10	2.616 times
11 Mon Mar 2024	405.75	424.05	424.85	403.55	0.496 times
07 Thu Mar 2024	424.20	424.25	430.00	420.00	0.507 times
06 Wed Mar 2024	422.20	435.00	435.05	411.55	0.978 times
05 Tue Mar 2024	436.80	442.80	449.30	434.10	0.537 times
04 Mon Mar 2024	443.25	453.85	456.10	439.10	0.848 times
02 Sat Mar 2024	449.40	448.70	453.00	442.25	0.11 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 410.3, but if it comes above 410.3, then a intra day buy could be more profitable.
If you take a sell trade below 410.3, then use 410.3 as stoploss and 386.5 as target. However if you take a buy trade in stock , then use 410.3 as stoploss and 430.12 as target.

Share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Target	315.00
Downside Target	322.05
Downside Target	340.00
Downside Target	368.00
Downside Target	383.60
Downside Target	406.00
Upside Target	426.10
Upside Target	443.30
Upside Target	456.10
Upside Target	474.00
Upside Target	484.95

Intraday share price targets for Savita Oil (SOTL)

Target Type	Value
Downside Intraday Target	387.23
Downside Intraday Target	366.87
Upside Intraday Target	430.78
Upside Intraday Target	453.97
Upside Intraday Target	410.42

Weekly technical analysis of Savita Oil (SOTL)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	407.60	424.05	433.60	390.05	2.14 times
07 Thu Mar 2024	424.20	453.85	456.10	411.55	0.214 times
02 Sat Mar 2024	449.40	448.00	484.95	427.70	0.706 times
23 Fri Feb 2024	445.20	414.95	474.00	406.00	1.5 times
16 Fri Feb 2024	408.70	405.75	443.30	383.60	2.253 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Savita Oil (SOTL)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	407.60	434.90	456.10	390.05	0.199 times
29 Thu Feb 2024	432.40	419.95	484.95	383.60	2.358 times
31 Wed Jan 2024	417.40	352.05	426.10	340.00	1.517 times
29 Fri Dec 2023	352.05	325.40	369.95	322.05	1.644 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Savita Oil (SOTL)

Price action analysis of Savita Oil ( (SOTL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Savita Oil ( (SOTL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Savita Oil ( (SOTL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Savita Oil stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Savita Oil in short term but the sell signal is initial and weak.

Savita Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Savita Oil in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Savita Oil is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 414.72 and Savita Oil (SOTL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Savita Oil (SOTL) stock. Volume based technical analysis of Savita Oil (SOTL) stock is negative.

Savita Oil Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.