The stock of Oil India rallied 3.3 per cent on Thursday and broke out of a resistance at ₹425. This indicates that the consolidation phase has come to an end, and the bulls have regained traction. That said, we might see a minor moderation in price, possibly to ₹418. But then, we expect the stock to eventually appreciate to ₹485 in the near future. Note that there could be some sideways movement when the stock reaches ₹455 before it makes the final push to ₹485. Traders can buy the stock now at ₹434 and accumulate at ₹418. Place stop-loss at ₹405. When the price hits ₹460, revise the stop-loss to ₹440. On a rally to ₹475, tighten the stop-loss further to ₹465. Book profits at ₹485.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on October 31, 2025
