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

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

10 day averaged volume of Oil India is 4221968

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 639.35 643.00 643.00 634.00 0.626 times
16 Thu May 2024 637.85 639.00 663.00 631.40 1.919 times
15 Wed May 2024 633.10 622.50 637.80 617.45 0.995 times
14 Tue May 2024 619.60 610.00 627.00 606.85 0.618 times
13 Mon May 2024 604.30 617.00 618.45 589.05 0.693 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 635.6, but if it comes below 635.6, then a intra day sell could be more profitable.
If you take a sell trade below 635.6, then use 635.6 as stoploss and 621.02 as target. However if you take a buy trade in stock , then use 635.6 as stoploss and 653.2 as target.

Share price targets for Oil India (OIL)

Target Type Value
Downside Target 362.40
Downside Target 423.05
Downside Target 443.35
Downside Target 513.00
Downside Target 582.50
Downside Target 630.00
Downside Target 636.90
Upside Target 643.00
Upside Target 647.00
Upside Target 652.00
Upside Target 663.00
Upside Target 669.50

Intraday share price targets for Oil India (OIL)

Target Type Value
Downside Intraday Target 597.93
Downside Intraday Target 556.52
Upside Intraday Target 671.88
Upside Intraday Target 704.42
Downside Intraday Target 630.47

Weekly technical analysis of Oil India (OIL)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 639.35 617.00 663.00 589.05 0.942 times
10 Fri May 2024 619.10 636.90 652.00 597.65 1.357 times
03 Fri May 2024 630.65 634.40 643.00 605.00 0.902 times
26 Fri Apr 2024 628.35 606.00 636.90 588.65 0.777 times
19 Fri Apr 2024 599.85 611.05 636.45 595.50 1.094 times

Price has moved up 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 Oil India (OIL)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 639.35 624.20 663.00 589.05 0.492 times
30 Tue Apr 2024 620.15 606.30 669.50 582.50 0.903 times
28 Thu Mar 2024 600.25 554.35 647.00 513.00 0.607 times
29 Thu Feb 2024 546.55 427.90 630.00 423.05 2.014 times

Price has moved up 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 Oil India (OIL)

Indicator Name Indicator Value Indicator Signal
ADX 25, 15, 26 Buy
MACD 20, 20Sell
Stochastics 68None
CCI 66Sell
RSI 42Sell
OBV 28092747Sell
VWAP 630Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Oil India ( (OIL) ) based on a short 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.

Price action analysis of Oil India ( (OIL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Oil India ( (OIL) ) based on a short to mid 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.

Price action analysis of Oil India ( (OIL) ) 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 Oil India stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Oil India Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Oil India in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 Oil India is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 629.93 and Oil India (OIL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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

Oil India Stock is giving positive 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.

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