Overall Technical outlook

Price Summary

2025-06-13, saw OIL's stock open at 480.0, hit a peak of 486.0, fall to a low of 473.25, and close lower -0.47% at 477.75, with 18992318 shares changing hands.
Over the past 52 weeks, the stock reached a maximum price of 741.0 and a minimum price of 341.65.
The anticipated price is forecasted to be between 280.0 and 755.0, with an average price expectation of 555.1053, based on input from 19 analysts.

Technicals

Support and Resistance: At 477.75, the price is supported at 444.25 and faces resistance at 481.1. This range suggests that the price for OIL might stay between these levels, with 444.25 acting as a floor and 481.1 as a ceiling.
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Support/Resistance for OIL


Aroon: The AROON 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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Aroon chart for Oil India Limited


Bol. Bands: The price is currently above the upper Bollinger Band, where it has remained since its last upward move. This suggests strong bullish momentum, potentially indicating an overbought condition. Traders might interpret this as a sign of continued strength, but caution is advised as extended periods above the band could lead to a correction or a pullback in the near future.
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Bolinger Bands chart for Oil India Limited


Parabolic SAR: The PSAR for OIL maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment.
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Parabolic Stop and Reverse chart for Oil India Limited


Stochastic: The stochastic indicator shows a bullish signal, with the K-line exceeding both the D-line and the 80 mark. This setup suggests strong upward momentum, implying that the market may continue to rise. Investors could consider this a favorable sign for continued market growth for Oil India Limited.
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Stochastic chart for Oil India Limited


Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Tripple SMA chart for Oil India Limited


To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.