The short-term outlook is bullish for Oil India. The stock has surged over 5 per cent on Tuesday when the broader markets struggled. It indicates that the upmove is gaining momentum.
Immediate support is around ₹430. Below that cluster supports are there in the ₹420-410 region. We expect the stock to sustain above ₹430 itself.
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Fresh buyers are likely to come around this support and limit the downside. Oil India share price can rise to ₹485-490 in the coming weeks.
Traders can buy Oil India shares now at ₹448. Accumulate on dips at ₹434. Keep the stop-loss at ₹418. Trail the stop-loss up to ₹454 as soon as the stock goes up to ₹465.
Revise the stop-loss higher to ₹462 and ₹470 when the price touches ₹468 and ₹476 respectively. Exit the long positions at ₹485.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on January 14, 2026
