OIL - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 3.2

⚙️ Intraday Trading Analysis for OIL (Oil India Ltd.)

OIL presents a moderately cautious setup for intraday trading today. While the stock is trading near key moving averages and has decent liquidity, momentum indicators are weak and recent earnings contraction adds pressure.

✅ Supportive Factors

Price ≈ 50-DMA (₹439) & 200-DMA (₹436): Consolidation zone — potential bounce.

P/E (10.9) < Industry PE (11.6): Fairly valued.

EPS ₹40.3 & Book Value ₹306: Strong fundamentals.

Volume (15.9L) ≈ Avg Vol (16.8L): Good liquidity.

ROE (13.4%) & ROCE (13.0%): Reasonable efficiency.

Dividend Yield (2.38%): Decent income support.

❌ Bearish/Neutral Indicators

RSI (48.5): Neutral — lacks momentum.

MACD (-0.84): Mild bearish crossover.

Qtr Profit Var (-38.6%): Significant earnings decline.

FII Holding ↓ (-0.35%): Foreign outflow.

Price down ~42% from high (₹768 → ₹441): Long-term weakness.

PEG Ratio (1.87): Acceptable but not cheap.

🔹 Intraday Strategy

📌 If Entering Fresh Today

Optimal Buy Price: ₹438–₹440 (near DMA support)

Profit-Taking Levels

Target 1: ₹448 (minor resistance)

Target 2: ₹455 (if RSI crosses 50 and volume spikes)

Stop-Loss: ₹432 (below 200-DMA and intraday support)

📌 If Already Holding Today

Exit Triggers

RSI fails to cross 50 by midday

MACD continues negative slope

Price fails to hold above ₹442–₹445 zone

Volume fades below 12L by mid-session

🧠 Final Thoughts

OIL is a neutral-to-low conviction intraday trade today. It’s hovering near support and could offer a small bounce, but lacks strong momentum. If you're holding, consider exiting near resistance unless indicators turn bullish. Better setups may exist in energy stocks with stronger RSI and MACD signals.

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