Overall Technical outlook

Price Summary

Oil India Limited's stock slid -4.52% today, marking a lousy performance in the market.
On 2025-05-30, Oil India Limited's stock started at 447.0, soared to 447.0, dropped to 424.3, and finished the day -4.52% down at 426.8, with a trading volume of 5964780 shares.
During the past 52 weeks, the highest stock price was 741.0, and the lowest was 341.65.
OIL's future price is expected to lie between 280.0 and 755.0, with an average expectation of 555.1053, as per the recommendations of 19 analysts.

Technicals

Support and Resistance: The current price for OIL is 426.8, supported at 420.65 with resistance at 479.35. This indicates a trading range where 420.65 might prevent further declines, while 479.35 could hinder additional gains.
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Support/Resistance for OIL


Aroon: The AROON is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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Aroon chart for Oil India Limited


Bol. Bands: The price crossing below the upper Bollinger Band signals a potential bearish reversal. This movement may indicate that the asset's recent bullish trend is weakening, and a decline could follow. Traders often interpret this as a sign that the market is overbought, suggesting that a correction or pullback is likely, making it a crucial time to consider adjusting trading positions.
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Bolinger Bands chart for Oil India Limited


Parabolic SAR: The PSAR continues to be bullish for OIL, setting a strong support level that could sustain the ongoing upward trend. This level of support indicates that the market is likely to continue its positive trajectory, offering a base for continued bullish movement.
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Parabolic Stop and Reverse chart for Oil India Limited


Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
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Stochastic chart for Oil India Limited


Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty.
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Tripple SMA chart for Oil India Limited


A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.