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2026-03-12 10:38:41 am | Source: Religare Broking Ltd
Stock of the day : Oil India Ltd by Target Rs. 507 - Religare Broking Ltd
Stock of the day : Oil India Ltd by Target Rs. 507 - Religare Broking Ltd

Oil India Ltd

* OIL is displaying a constructive setup, with prices rebounding from lower levels and forming a consistent pattern of higher highs and higher lows, indicating strengthening bullish momentum.

* Price action has moved above key moving averages, which are gradually trending upward and acting as dynamic support levels.

* Additionally, rising volumes during upward moves indicate accumulation, reinforcing the likelihood of continued upside momentum.

* Traders may consider initiating long positions within the suggested range.

Buy Oil India Ltd  CMP 482.70 Range 480-483 SL 469 Target 507

 

 

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