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

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

10 day averaged volume of Indian Oil is 2823229

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 163.20 161.60 164.30 159.85 0.703 times
07 Tue May 2024 160.00 167.70 168.25 159.65 1.246 times
06 Mon May 2024 166.30 172.40 172.40 165.20 0.875 times
03 Fri May 2024 170.80 174.70 175.00 169.45 0.629 times
02 Thu May 2024 173.35 171.50 174.50 168.25 1.866 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 165.6, but if it comes above 165.6, then a intra day buy could be more profitable.
If you take a sell trade below 165.6, then use 165.6 as stoploss and 161.4 as target. However if you take a buy trade in stock , then use 165.6 as stoploss and 169.11 as target.

Share price targets for Indian Oil (IndianOil)

Target Type Value
Downside Target 128.50
Downside Target 147.05
Downside Target 152.15
Downside Target 159.65
Upside Target 167.60
Upside Target 172.40
Upside Target 174.20
Upside Target 175.00
Upside Target 178.35
Upside Target 180.00
Upside Target 196.80

Intraday share price targets for Indian Oil (IndianOil)

Target Type Value
Downside Intraday Target 157.77
Downside Intraday Target 152.33
Upside Intraday Target 170.52
Upside Intraday Target 177.83
Upside Intraday Target 165.08

Weekly technical analysis of Indian Oil (IndianOil)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 163.20 172.40 172.40 159.65 0.513 times
03 Fri May 2024 170.80 173.25 180.00 168.00 2.034 times
26 Fri Apr 2024 171.55 170.10 173.30 167.60 0.826 times
19 Fri Apr 2024 166.65 156.05 175.00 156.05 1.843 times
12 Fri Apr 2024 170.25 169.30 174.20 168.00 0.688 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 Indian Oil (IndianOil)

Date Monthly Closing Price Open High Low Volume
08 Wed May 2024 163.20 171.50 175.00 159.65 0.398 times
30 Tue Apr 2024 168.95 169.90 180.00 156.05 1.016 times
28 Thu Mar 2024 167.75 168.75 178.35 153.60 0.452 times
29 Thu Feb 2024 165.60 149.30 196.80 147.05 1.321 times

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 Indian Oil (IndianOil)

Indicator Name Indicator Value Indicator Signal
ADX 16, 29, 29 Sell
MACD -1, 1Sell
Stochastics 9Sell
CCI -147Sell
RSI 46Sell
OBV -4181362Sell
VWAP 169Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Indian Oil ( (IndianOil) ) 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 Indian Oil ( (IndianOil) ) 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 Indian Oil ( (IndianOil) ) based on a short to mid 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 Indian Oil ( (IndianOil) ) based on a mid to longer 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.

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

MACD generated a SELL signal for Indian Oil in short term and the sell signal is strong.

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

CCI has generated a SELL signal for Indian Oil in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Indian 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 169.37 and Indian Oil (IndianOil) 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 Indian Oil (IndianOil) stock. Volume based technical analysis of Indian Oil (IndianOil) stock is negative.

Indian 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.

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Click here for further forecast and predictions for tomorrow

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