OIL NEWS why is Oil India Limited price falling or rising

OIL NEWS reasons for why stock price of Oil India Limited is falling or rising

OIL Oil India is falling or rising technical reasons

Technical analysis forecast of Oil India Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Oil India OIL at this time. Stock is rising and might rise more.

It appears as if Oil India OIL gave a large move recently.

Stock of Oil India (OIL) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Oil India is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Oil India stays above 622.7, but if it comes below 622.7, then a intra day sell could be more profitable.
If you take a sell trade below 622.7, then use 622.7 as stoploss and 608.24 as target. However if you take a buy trade in Oil India, then use 622.7 as stoploss and 640 as target.

OIL Oil India is falling or rising NEWS fundamental reasons

India receives oil cargo in Russian SCF tanker after brief halt: Report The SCF Baltica, carrying 90,000 metric tons of fuel oil for Reliance Industries was expected to leave the port later on Friday after full discharge, source said - NEWS as on 2024-04-26 business-standard.com

Sensex up 203 pts, oil & gas shares advance At 14:29 IST, the barometer index, the S&P BSE Sensex was up 203.40 points or 0.29% to 73,949.54. The Nifty 50 index added 64.70 points or 0.29% to 22,432.70 - NEWS as on 2024-04-24 business-standard.com

Govt bond yields edge lower as oil prices stabilises, awaits fresh triggers The benchmark Brent crude contract, which had crossed per barrel earlier this month on fears of an escalation in the Middle East conflict - NEWS as on 2024-04-23 business-standard.com

Galp soars 20%, says Namibia oil field could yield 10 billion barrels of oil - NEWS as on 2024-04-22 marketwatch.com

Brent oil ends at a more than 3-week low as Middle East tensions appear to ease - NEWS as on 2024-04-22 marketwatch.com

A caution for India as Iran's one action can shoot up oil and LNG prices India-Israel war: Oil and LNG prices could see a notable rise if Iran opts to block the Strait of Hormuz, a key route for importing crude oil from Saudi Arabia, Iraq, and UAE. Analysts have pointed out that this could lead to increased inflation. The confl - NEWS as on 2024-04-21 indiatimes.com

ONGC, Indraprastha Gas among 5 stocks that may gain from rising crude oil prices As crude oil prices are rising, some stocks will benefit from it. - NEWS as on 2024-04-20 indiatimes.com

Oil Min Hardeep Singh Puri discusses 'volatility in global market' with OPEC chief Union Minister Hardeep Singh Puri discussed the global oil market's volatility and its impact on global energy supply stability. Puri emphasized the need for market stability, affordability, and pragmatism. India, the third-largest oil importer globally, s - NEWS as on 2024-04-19 indiatimes.com

Company Announcement Oil India Limited has informed the Exchange about Schedule of meet - NEWS as on 2024-04-18

Company Announcement Oil India Limited has informed the Exchange regarding a press release dated April 10, 2024, titled "Incident at BGN#24". - NEWS as on 2024-04-10

Company Announcement Oil India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 - NEWS as on 2024-04-10

Company Announcement - NEWS as on 2024-04-01

Company Announcement Oil India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. - NEWS as on 2024-03-28

OIL announced a dividend of Rupees 8.50 per share, which makes a dividend yield of 1.56 based on current price. Effective date of this dividend is 18 Mon Mar 2024 - NEWS as on 2024-03-18 MunafaSutra.com

OIL announced a dividend of Rupees 8.50 per share, which makes a dividend yield of 1.53 based on current price. Effective date of this dividend is 18 Mon Mar 2024 - NEWS as on 2024-03-15 MunafaSutra.com

OIL announced a dividend of Rupees 8.50 per share, which makes a dividend yield of 1.48 based on current price. Effective date of this dividend is 18 Mon Mar 2024 - NEWS as on 2024-03-14 MunafaSutra.com

More announcements and NEWS

OIL Oil India Limited current price & indicator signals

Moving Averages for Oil India Limited

  • 5Day Average: 607.35
  • 12Day Average: 613.1
  • 20Day Average: 614.39
  • 50Day Average: 593.97
  • 100Day Average: 489.47
  • 150Day Average: 427.66
  • 200Day Average: 388.98

OIL Indicators & signals

Indicator MACD (12,26,9)

611.38, 603.85, 9.91
Indicator MACD is in positive zone

Indicator ADX (14)

20.33, 24.1, 15.95
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of OIL Oil India Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 628.35 616.20 to 636.90 2.59% 1.29 times
25 Thu Apr 2024 612.50 602.05 to 620.50 0.68% 0.71 times
24 Wed Apr 2024 608.35 589.00 to 613.80 2.98% 0.65 times
23 Tue Apr 2024 590.75 588.65 to 602.55 -1.01% 0.47 times
22 Mon Apr 2024 596.80 595.00 to 616.50 -0.51% 0.51 times
19 Fri Apr 2024 599.85 596.05 to 616.90 -0.55% 0.85 times
18 Thu Apr 2024 603.15 600.05 to 629.90 -3.18% 0.97 times
16 Tue Apr 2024 622.95 611.10 to 634.90 0.18% 0.97 times
15 Mon Apr 2024 621.85 595.50 to 636.45 1.77% 1.89 times
12 Fri Apr 2024 611.05 607.80 to 637.75 -3.3% 1.4 times
10 Wed Apr 2024 631.90 626.50 to 648.00 0.34% 1.58 times
09 Tue Apr 2024 629.75 618.60 to 636.15 0.82% 0.46 times

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