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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 2024-03-20 View latest technical analysis

10 day averaged volume of Savita Oil is 200848

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	400.30	397.00	418.70	397.00	0.542 times
19 Tue Mar 2024	398.90	400.00	405.85	396.05	0.455 times
18 Mon Mar 2024	403.15	407.50	415.10	399.90	0.505 times
15 Fri Mar 2024	407.60	412.00	418.00	402.50	0.572 times
14 Thu Mar 2024	412.20	396.00	415.00	393.80	0.723 times
13 Wed Mar 2024	398.80	411.90	420.00	390.05	2.061 times
12 Tue Mar 2024	409.90	398.00	433.60	396.10	2.896 times
11 Mon Mar 2024	405.75	424.05	424.85	403.55	0.549 times
07 Thu Mar 2024	424.20	424.25	430.00	420.00	0.561 times
06 Wed Mar 2024	422.20	435.00	435.05	411.55	1.083 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 405.5, but if it comes above 405.5, then a intra day buy could be more profitable.
If you take a sell trade below 405.5, then use 405.5 as stoploss and 379.1 as target. However if you take a buy trade in stock , then use 405.5 as stoploss and 427.46 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
Upside Target	406.00
Upside Target	427.70
Upside Target	433.60
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	391.33
Downside Intraday Target	382.37
Upside Intraday Target	413.98
Upside Intraday Target	427.67
Upside Intraday Target	405.02

Weekly technical analysis of Savita Oil (SOTL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	400.30	407.50	418.70	396.05	0.221 times
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

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

Monthly technical analysis of Savita Oil (SOTL)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	400.30	434.90	456.10	390.05	0.224 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Savita Oil ( (SOTL) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. 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 getting stronger in this stock.

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

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 408.18 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 positive

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