OIL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.3
| Stock Code | OIL | Market Cap | 81,671 Cr. | Current Price | 502 ₹ | High / Low | 522 ₹ |
| Stock P/E | 17.5 | Book Value | 298 ₹ | Dividend Yield | 2.29 % | ROCE | 15.2 % |
| ROE | 13.5 % | Face Value | 10.0 ₹ | DMA 50 | 435 ₹ | DMA 200 | 427 ₹ |
| Chg in FII Hold | -0.02 % | Chg in DII Hold | 0.23 % | PAT Qtr | 1,044 Cr. | PAT Prev Qtr | 813 Cr. |
| RSI | 71.1 | MACD | 20.7 | Volume | 46,74,591 | Avg Vol 1Wk | 1,48,78,912 |
| Low price | 322 ₹ | High price | 522 ₹ | PEG Ratio | 1.09 | Debt to equity | 0.28 |
| 52w Index | 89.7 % | Qtr Profit Var | -43.1 % | EPS | 28.7 ₹ | Industry PE | 19.0 |
📊 Chart & Trend Analysis: OIL is trading at ₹502, comfortably above its 50 DMA (₹435) and 200 DMA (₹427), reflecting strong bullish momentum. RSI at 71.1 indicates overbought conditions, while MACD (20.7) confirms strong positive momentum. Bollinger Bands show price near the upper band, suggesting aggressive buying interest but also caution for potential pullback. Current volume (46,74,591) is lower than the 1-week average (1,48,78,912), indicating reduced participation during the rally.
📈 Momentum Signals: Short-term momentum is strongly bullish with RSI above 70 and MACD positive. However, overbought RSI signals caution for possible consolidation. Sustained price action above ₹500 strengthens the bullish bias, but profit booking may occur near ₹520.
💡 Entry Zone: ₹480–₹495 (support near breakout levels)
🚪 Exit Zone: ₹515–₹522 (resistance near 52-week high)
🔎 Trend Status: The stock is trending upward with strong bullish bias, but near-term consolidation is possible due to overbought RSI.
Positive
- EPS at ₹28.7 reflects solid earnings strength.
- ROCE (15.2%) and ROE (13.5%) indicate strong operational efficiency.
- Debt-to-equity ratio at 0.28 shows moderate leverage.
- PEG ratio at 1.09 suggests fair growth-adjusted valuation.
- Dividend yield of 2.29% provides shareholder returns.
Limitation
- RSI above 70 indicates overbought conditions, raising risk of short-term correction.
- Quarterly profit variation at -43.1% highlights earnings volatility.
- Volume participation has declined compared to weekly average, signaling reduced momentum strength.
Company Negative News
- Slight decline in FII holding (-0.02%) shows cautious foreign investor sentiment.
- Profit contraction in recent quarter raises near-term concerns.
Company Positive News
- Quarterly PAT improved to ₹1,044 Cr. vs ₹813 Cr. previously.
- Increase in DII holding (+0.23%) reflects domestic institutional confidence.
Industry
- Industry PE at 19.0 is slightly higher than OIL’s 17.5, suggesting relative undervaluation.
- Energy sector demand remains robust, supported by global oil and gas consumption trends.
Conclusion
⚖️ OIL is trending upward with strong bullish bias, supported by positive MACD and price above key moving averages. Fundamentals remain solid with strong EPS, efficiency metrics, and dividend yield. Traders may consider entry near ₹480–₹495 with exit targets around ₹515–₹522. Overbought RSI suggests caution, as short-term consolidation or profit booking may occur near resistance levels.
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