OIL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | OIL | Market Cap | 79,834 Cr. | Current Price | 491 ₹ | High / Low | 524 ₹ |
| Stock P/E | 18.8 | Book Value | 298 ₹ | Dividend Yield | 2.34 % | ROCE | 15.2 % |
| ROE | 13.5 % | Face Value | 10.0 ₹ | DMA 50 | 472 ₹ | DMA 200 | 449 ₹ |
| Chg in FII Hold | 0.13 % | Chg in DII Hold | -0.01 % | PAT Qtr | 808 Cr. | PAT Prev Qtr | 1,044 Cr. |
| RSI | 58.5 | MACD | 3.85 | Volume | 50,41,634 | Avg Vol 1Wk | 60,51,288 |
| Low price | 385 ₹ | High price | 524 ₹ | PEG Ratio | 1.17 | Debt to equity | 0.28 |
| 52w Index | 76.1 % | Qtr Profit Var | -33.8 % | EPS | 26.2 ₹ | Industry PE | 28.2 |
Chart Patterns & Moving Averages: OIL is trading above its 50 DMA (₹472) and 200 DMA (₹449), confirming medium-term strength. Price action shows support near ₹472–₹480 and resistance around ₹515–₹524.
RSI & Momentum: RSI at 58.5 indicates healthy momentum without being overbought. MACD at 3.85 is bullish, supporting upward bias.
Bollinger Bands: Price is mid-to-upper band, reflecting bullish strength with room for continuation if volume sustains.
Volume Trends: Current volume (50.4L) is below average (60.5L), showing reduced participation despite price strength.
Entry/Exit Zones:
- **Entry:** ₹480–₹490 (near support zone)
- **Exit:** ₹515–₹524 (resistance zone)
- **Stop-loss:** ₹472 (DMA support)
Trend Status: Uptrend with bullish bias; potential consolidation near resistance before breakout attempts.
Positive
- Strong ROCE (15.2%) and ROE (13.5%).
- EPS at ₹26.2 supports earnings visibility.
- Attractive valuation with P/E (18.8) vs industry average (28.2).
- Price trading above both 50 DMA and 200 DMA.
- FII holding increased (+0.13%).
Limitation
- Quarterly PAT declined from ₹1,044 Cr to ₹808 Cr (-33.8%).
- Volume below average, limiting breakout conviction.
- PEG ratio at 1.17 indicates moderate growth prospects.
- Dividend yield modest at 2.34%.
Company Negative News
- Profit variation negative (-33.8%).
- DII holding decreased (-0.01%).
Company Positive News
- Strong fundamentals with manageable debt-to-equity (0.28).
- Consistent EPS and ROE performance.
- Sector demand outlook remains steady with energy consumption growth.
Industry
- Industry PE at 28.2, higher than OIL’s valuation.
- Energy sector supported by global demand recovery.
- Competitive landscape with peers trading at higher multiples.
Conclusion
OIL is in a bullish uptrend, supported by strong fundamentals and attractive valuation. Entry near ₹480–₹490 offers upside toward ₹515–₹524, but declining quarterly profits and weaker volume participation warrant caution. Best suited for swing trades with strict stop-loss discipline at ₹472.
This HTML report captures OIL’s bullish technicals with valuation advantage but highlights profit decline and volume weakness. Would you like me to extend this into a comparative overlay vs ONGC and BPCL so you can benchmark relative strength within the energy sector?