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, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Oil India is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 609.9 as stoploss in an intra day sell trade for a target of 581.13. However, stock will show a bullish move above 609.9.

OIL Oil India is falling or rising NEWS fundamental reasons

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

Board of Indian Oil revises cost of Cauvery Basin Refinery and Petrochemicals project At meeting held on 28 March 2024 - NEWS as on 2024-03-28 business-standard.com

Company Announcement - NEWS as on 2024-03-27

Food company Annapurna acquires 'Arati' edible oil brand for Rs 28 cr Packaged food company Annapurna Swadisht Ltd on Wednesday announced that it has acquired the six-decade-old 'Arati' brand mustard oil from R R Proteins and Agro Ltd (RRPAL) for a consideration of Rs 28 crore. The acquisition would help the company foray in - NEWS as on 2024-03-27 business-standard.com

Indices trade with minor cuts; oil & gas shares in demand At 12:30 IST, the barometer index, the S&P BSE Sensex was down 215.29 points or 0.29% to 72,618.59. The Nifty 50 index lost 43.15 points or 0.20% to 22,053.60. - NEWS as on 2024-03-26 business-standard.com

Oil steadies as markets weigh Russian supply woes ​Oil prices were little changed on Tuesday as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks while a slightly weaker U.S. dollar offered some support. - NEWS as on 2024-03-26 indiatimes.com

Oil benchmark Brent nears on heightened supply concerns Brent near due to Russia-Ukraine tension. U.S. crude at .09. Both benchmarks up 11% and 12.5%. OPEC+ extends supply curbs. Global concerns intensify with recent attacks on oil facilities. - NEWS as on 2024-03-25 indiatimes.com

Gandhar Oil Refinery bags orders worth Rs 17.41 cr Gandhar Oil Refinery (India) has announced that it has received a work order from Ajmer Vidyut Vitran Nigam (AVVNL) amounting Rs 17,41,49,250. - NEWS as on 2024-03-23 business-standard.com

Commodity Talk: Crude oil at multi-month highs. Jigar Pandit suggests dip buying Jigar Pandit forecasts - Brent crude price and Rs 7,300 MCX price for 2024, urging investors to capitalize on corrections amid geopolitical uncertainties impacting crude oil supply and demand dynamics. He also says: "As the US FOMC has indicated a po - NEWS as on 2024-03-22 indiatimes.com

Oil And Natural Gas Corporation Share Price Today Live Updates: Oil And Natural Gas Corporation Closes at Rs 262.95 with Impressive 3-Month Return of 29.03% - NEWS as on 2024-03-22 indiatimes.com

Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST) Rises As Market Takes a Dip: Key Facts The most recent trading session ended with Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST) standing at .46, reflecting a +0.44% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily - NEWS as on 2024-03-22 nasdaq.com

2 Dividend Aristocrats Within the Energy Sector to Buy as Oil Prices Rise Chevron and ExxonMobil stand out as formidable dividend aristocrats within the energy sector, offering compelling investment opportunities as they capitalize on global demand and strategic expansion initiatives. - NEWS as on 2024-03-21 nasdaq.com

Oil India to take external commercial loan route to raise 0 million loans to fund expansion "The loan will be priced 110 basis points above the six-month SOFR rate with a reset clause after every six months linked to the then prevailing SOFR rate," said a person familiar with the deal. One basis point is 0.01 percentage point. The six-month SOFR - NEWS as on 2024-03-20 indiatimes.com

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

Company Announcement Oil India Limited has informed the Exchange regarding a press release dated March 09, 2024, titled "Prime Minister inaugurates two flagship pipeline projects of OIL". - NEWS as on 2024-03-11

Company Announcement Oil India Limited has informed the Exchange about Schedule of meet - NEWS as on 2024-03-01

More announcements and NEWS

OIL Oil India Limited current price & indicator signals

Moving Averages for Oil India Limited

  • 5Day Average: 596.64
  • 12Day Average: 579.55
  • 20Day Average: 590.94
  • 50Day Average: 529.98
  • 100Day Average: 434.12
  • 150Day Average: 387.29
  • 200Day Average: 355.96

OIL Indicators & signals

Indicator MACD (12,26,9)

587.64, 573.15, 17.58
Indicator MACD is in positive zone

Indicator ADX (14)

22.1, 26.22, 16.73
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
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
28 Thu Mar 2024 600.25 592.20 to 611.00 0.24% 0.6 times
27 Wed Mar 2024 598.80 592.05 to 629.80 -2.07% 1.02 times
26 Tue Mar 2024 611.45 578.75 to 615.70 5.11% 0.96 times
22 Fri Mar 2024 581.75 578.75 to 595.95 -1.56% 0.56 times
21 Thu Mar 2024 590.95 568.50 to 596.60 4.56% 0.69 times
20 Wed Mar 2024 565.20 544.80 to 570.00 3.57% 0.62 times
19 Tue Mar 2024 545.70 533.35 to 559.15 0.09% 0.96 times
18 Mon Mar 2024 545.20 534.30 to 554.05 -1.88% 0.49 times
15 Fri Mar 2024 555.65 513.00 to 588.70 -3.05% 3.01 times
14 Thu Mar 2024 573.15 562.00 to 590.50 -0.11% 0.71 times
13 Wed Mar 2024 573.80 563.15 to 619.35 -6.35% 0.98 times
12 Tue Mar 2024 612.70 603.00 to 627.25 -0.43% 0.83 times

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OIL NEWS why is Oil India Limited price falling or rising

 

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