Oil India Ltd – Pullback After Sharp Rally | Support Retest Zone (Daily Chart)

📊 Oil India Ltd – Pullback After Sharp Rally | Support Retest Zone (Daily Chart) After a strong breakout rally, the stock faced profit booking near ₹540–₹550 and is now consolidating near short-term support levels. 🔎 Technical Observations: Strong impulsive move from ₹430 zone Profit booking near ₹540 resistance Price currently hovering around 20 & 50 EMA cluster Higher low structure still intact (short-term trend positive) Bollinger Bands cooling after expansion RSI cooling but holding above 50 (bullish territory) Volume spike during breakout phase 🔑 Key Levels to Watch: Immediate Resistance: ₹520 Major Resistance: ₹548–₹575 Immediate Support: ₹470 Major Support: ₹440 📈 Bullish Scenario: Sustained move above ₹520 can trigger fresh upside towards: ₹548 ₹575 ₹600 (extended momentum target) ⚠️ Bearish Scenario: Breakdown below ₹470 may lead to deeper correction toward ₹440 / ₹410 zone. Currently in healthy pullback phase unless key support breaks. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS