Is OIL INDIA in uptrend or downtrend?

In the short term price movements in OIL share indicates the market is Sideways. However, bulls are trying to take control.

What is OIL INDIA share price forecast for tomorrow?

In Oil India Limited stock current resistance level is at 483 and support level is at 444. Though market is closer to support level there are good chances till these ranges are broken, market would stay Sideways.

What are OIL INDIA support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Oil India Limited in the short-term, the supply zone around 483 and 480. Hence, good chances of resistance around 480. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Oil India Limited share is around 444 and 440. Hence, good chances for support around 440.

Why is OIL INDIA share price falling today?

Perhaps OIL stock is just having volatility. It can be viewed as an opportunity, unless overall long term trend and mid term trend is Bearish.

OIL INDIA Share Price | Forecast Analysis

Analyzing Market Data