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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)

10 day averaged volume of Oil India is 482142

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 637.05 634.65 649.00 628.80 0.935 times
06 Mon May 2024 633.20 634.05 651.15 616.50 1.141 times
03 Fri May 2024 631.00 632.90 642.95 621.10 0.645 times
02 Thu May 2024 630.20 623.00 632.00 605.00 0.755 times
30 Tue Apr 2024 620.30 624.85 638.50 618.20 0.752 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 632.2, but if it comes below 632.2, then a intra day sell could be more profitable.
If you take a sell trade below 632.2, then use 632.2 as stoploss and 619.12 as target. However if you take a buy trade in stock , then use 632.2 as stoploss and 647.8 as target.

Share price targets for Oil India (OilIndia)

Target Type Value
Downside Target 362.25
Downside Target 422.80
Downside Target 443.15
Downside Target 512.90
Downside Target 582.65
Downside Target 630.00
Downside Target 637.00
Upside Target 642.95
Upside Target 647.40
Upside Target 647.95
Upside Target 651.15
Upside Target 669.05

Intraday share price targets for Oil India (OilIndia)

Target Type Value
Downside Intraday Target 618.65
Downside Intraday Target 600.25
Upside Intraday Target 653.3
Upside Intraday Target 669.55
Downside Intraday Target 634.9

Weekly technical analysis of Oil India (OilIndia)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 637.05 634.05 651.15 616.50 0.825 times
03 Fri May 2024 631.00 633.45 642.95 605.00 0.434 times
26 Fri Apr 2024 628.35 607.45 637.00 588.80 1.829 times
19 Fri Apr 2024 600.30 600.05 636.40 595.50 2.409 times
12 Fri Apr 2024 610.80 630.15 647.95 608.00 0.291 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
07 Tue May 2024 637.05 623.00 651.15 605.00 0.219 times
30 Tue Apr 2024 620.30 608.55 669.05 582.65 1.074 times
28 Thu Mar 2024 600.10 555.00 647.40 512.90 0.677 times
29 Thu Feb 2024 546.65 428.45 630.00 422.80 2.251 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 (OilIndia)

Indicator Name Indicator Value Indicator Signal
ADX 21, 12, 26 Buy
MACD 26, 25Buy
Stochastics 76Buy
CCI 104Buy
RSI 50Sell
OBV 3306290Sell
VWAP 625Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

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 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 red color and prices are in or above the red 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 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 625.49 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.

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