According to technical analysis,
Oil India is in good position for the downside moment.
Prices bounced back from prior support which is now resistance.
Volume pattern confirms the selling, candlestick analysis also suggests a downward momentum because it formed a bearish engulfing candle.
However there is no certainty in the stock market, so put a stop loss around 140-145.
And downward possible target will be near 120-125.