Oil India Ltd.

NSE: OIL · Oil Gas & Consumable Fuels

₹468.00

as of 28 Sep 2026

AI verdict · 28 Sep 2026

Bearish 58% confidence

Volume collapse to 21% of average signals weak conviction in uptrend; 12-month outperformance appears sector-driven, not earnings-driven…

Strongest bull point

Bullish EMA stack (20>50>200) with price 4.85% above 200-day MA and neutral RSI (48.14) leaves room for upside without overbought conditions; 12-month outperformance of +26.38% vs NIFTY and confirmed 2.85% dividend yield support the trend.

Strongest bear point

Volume at only 21% of 20-day average indicates absent institutional conviction; 12-month outperformance is likely sector-driven (oil prices) rather than earnings-driven; Morgan Stanley Underweight with ₹404 target implies 15% downside, and no recent positive catalysts exist.

Technical Forecast · next 10 trading days

Expected

₹474.72 +1.4%

Range

₹472.44 – ₹477.49

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Every call on OIL, misses included

Bearish 28 Sep 2026 → now Scores 28 Oct 2026

₹468.00 → ₹468.00 0.0%

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