OIL - Technical Analysis

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

Technical Rating: 3.1

Here’s a detailed technical analysis of Oil India Ltd (OIL)

📉 Trend Overview

Status: Reversing from a prior uptrend

Price Action: Trading slightly above both 50 DMA and 200 DMA — suggests mild support, but not strong bullish momentum

52W Index: At 26.6% of its 52-week high — indicates deep correction and potential for recovery

📈 Moving Averages

Indicator Value (₹) Signal

DMA 50 439 Bullish (Price > DMA)

DMA 200 436 Bullish (Price > DMA)

Price is ~0.5% above DMA 50 and ~1.1% above DMA 200 — signals early recovery, but not yet convincing

📊 Momentum Indicators

Indicator Value Interpretation

RSI 48.5 Neutral — no strong momentum

MACD -0.84 Bearish — negative crossover

Volume 15.91L Slightly below average — weak conviction

RSI near 50 suggests sideways movement

MACD is negative — momentum is weak

📊 Bollinger Bands

Price is near mid-band, indicating neutral volatility

No breakout or squeeze signals — supports consolidation phase

📌 Support & Resistance Zones

Level Price (₹) Strength

Support 1 430 Strong

Support 2 415 Moderate

Resistance 1 455 Moderate

Resistance 2 470 Strong

Entry Zone: ₹430–₹441 (if support holds)

Exit Zone: ₹455–₹470 (watch for breakout)

🔍 Short-Term Signals

MACD Negative: Avoid aggressive long positions

RSI Neutral: Wait for breakout above 55 for confirmation

Volume Dip: Suggests caution — wait for confirmation

🧠 Summary

Trend: Bearish with signs of stabilization

Momentum: Weak

Volume: Below average

Volatility: Neutral

Entry: ₹430–₹441 (only if reversal confirmed)

Exit: ₹455–₹470

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