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

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

Showing technical analysis as on 2024-02-08 View latest technical analysis

10 day averaged volume of Oil India is 277821

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	511.30	488.35	519.85	484.20	2.559 times
07 Wed Feb 2024	487.90	486.70	496.75	474.35	1.845 times
06 Tue Feb 2024	481.35	463.80	516.40	446.35	2.574 times
05 Mon Feb 2024	459.25	449.20	464.00	440.10	0.983 times
02 Fri Feb 2024	446.45	437.10	449.50	433.40	0.816 times
01 Thu Feb 2024	436.25	428.45	439.00	422.80	0.666 times
31 Wed Jan 2024	426.40	430.65	433.75	418.40	0.751 times
30 Tue Jan 2024	429.50	419.85	443.15	417.05	1.17 times
29 Mon Jan 2024	413.45	405.05	420.85	404.55	0.398 times
25 Thu Jan 2024	402.90	405.25	407.15	400.45	0.191 times

Stock of Oil India (OilIndia) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 504.7, for a target of 459.5 or 421.82

Share price targets for Oil India (OilIndia)

Target Type	Value
Downside Target	289.30
Downside Target	305.30
Downside Target	325.00
Downside Target	339.45
Downside Target	362.25
Downside Target	376.50
Downside Target	392.00
Downside Target	404.55
Downside Target	419.25
Downside Target	440.10
Downside Target	443.15
Downside Target	449.50
Upside Target	519.85

Intraday share price targets for Oil India (OilIndia)

Target Type	Value
Downside Intraday Target	460.98
Downside Intraday Target	410.67
Upside Intraday Target	540.73
Upside Intraday Target	570.17
Downside Intraday Target	490.42

Weekly technical analysis of Oil India (OilIndia)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	511.30	449.20	519.85	440.10	2.094 times
02 Fri Feb 2024	446.45	405.05	449.50	404.55	1.562 times
25 Thu Jan 2024	402.90	417.70	430.15	392.00	0.346 times
19 Fri Jan 2024	412.25	378.85	419.25	376.50	3.349 times
12 Fri Jan 2024	374.80	380.85	382.00	362.25	0.702 times

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

Monthly technical analysis of Oil India (OilIndia)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	511.30	428.45	519.85	422.80	0.56 times
31 Wed Jan 2024	426.40	372.40	443.15	362.25	0.464 times
29 Fri Dec 2023	372.35	306.25	406.00	305.30	3.486 times
30 Thu Nov 2023	305.40	299.40	325.00	293.75	0.836 times

Scroll below to view daily charts

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 (OilIndia)

Price action analysis of Oil India ( (OilIndia) ) 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 ( (OilIndia) ) 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 ( (OilIndia) ) 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 gaining momentum.

MACD generated a BUY signal for Oil India in short term and the buy signal is strong.

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

Oil India Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Oil India in short term and BUY signal is strong.

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 470.02 and Oil India (OilIndia) 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 (OilIndia) stock. Volume based technical analysis of Oil India (OilIndia) 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.