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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 2024-02-22 View latest technical analysis

10 day averaged volume of Oil India is 619180

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	598.60	592.85	609.60	572.75	1.27 times
21 Wed Feb 2024	585.30	605.45	624.10	578.05	1.007 times
20 Tue Feb 2024	604.95	596.20	630.00	573.90	1.278 times
19 Mon Feb 2024	594.70	575.30	609.60	574.75	1.229 times
16 Fri Feb 2024	573.75	568.70	616.85	555.95	1.164 times
15 Thu Feb 2024	562.95	506.10	575.45	503.80	2.185 times
14 Wed Feb 2024	498.95	471.70	504.55	459.05	0.604 times
13 Tue Feb 2024	470.35	469.65	476.25	443.90	0.588 times
12 Mon Feb 2024	466.75	519.15	519.15	456.35	0.423 times
09 Fri Feb 2024	515.45	518.75	524.60	502.45	0.374 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 563.5, but if it comes below 563.5, then a intra day sell could be more profitable.
If you take a sell trade below 563.5, then use 563.5 as stoploss and 498.33 as target. However if you take a buy trade in stock , then use 563.5 as stoploss and 641.8 as target.

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	392.00
Downside Target	404.55
Downside Target	422.80
Downside Target	440.10
Downside Target	524.60
Downside Target	572.75
Upside Target	616.85
Upside Target	630.00

Intraday share price targets for Oil India (OilIndia)

Target Type	Value
Downside Intraday Target	570.9
Downside Intraday Target	543.2
Upside Intraday Target	628.15
Upside Intraday Target	657.7
Upside Intraday Target	600.45

Weekly technical analysis of Oil India (OilIndia)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	598.60	575.30	630.00	572.75	0.964 times
16 Fri Feb 2024	573.75	519.15	616.85	443.90	1.258 times
09 Fri Feb 2024	515.45	449.20	524.60	440.10	2.313 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

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 (OilIndia)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	598.60	428.45	630.00	422.80	1.897 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, and volume has increased substantially. This means that the move can 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 losing 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 SELL signal for Oil India in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 565.08 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.