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(OBCL) Orissa Bengal complete technical analysis [charts+indicators] | Buy/Sell Orissa Bengal | (OBCL) share price targets

Complete technical analysis of Orissa Bengal (OBCL) by charts plus indicators, forecast predictions and share price targets for Orissa Bengal (OBCL)

Showing technical analysis as on 2024-01-19 View latest technical analysis

10 day averaged volume of Orissa Bengal is 168341

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	66.65	66.40	67.85	65.30	0.487 times
18 Thu Jan 2024	65.60	67.95	69.00	61.60	1.117 times
17 Wed Jan 2024	67.90	61.00	69.70	61.00	3.097 times
16 Tue Jan 2024	61.65	64.10	64.10	60.00	0.292 times
15 Mon Jan 2024	63.30	66.00	67.50	62.50	0.278 times
12 Fri Jan 2024	65.30	67.45	67.45	65.00	0.477 times
11 Thu Jan 2024	66.65	61.95	67.90	61.95	2.845 times
10 Wed Jan 2024	61.80	62.25	62.95	61.20	0.476 times
09 Tue Jan 2024	61.55	59.80	63.35	59.80	0.718 times
08 Mon Jan 2024	59.80	60.60	61.95	59.70	0.377 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 65, but if it comes below 65, then a intra day sell could be more profitable.
If you take a sell trade below 65, then use 65 as stoploss and 62.4 as target. However if you take a buy trade in stock , then use 65 as stoploss and 68 as target.

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	48.05
Downside Target	54.75
Downside Target	58.15
Downside Target	59.70
Downside Target	61.90
Downside Target	64.50
Downside Target	65.00
Upside Target	67.90
Upside Target	68.80
Upside Target	69.70
Upside Target	71.70

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	61.2
Downside Intraday Target	55.75
Upside Intraday Target	70.9
Upside Intraday Target	75.15
Downside Intraday Target	65.45

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	66.65	66.00	69.70	60.00	1.077 times
12 Fri Jan 2024	65.30	60.60	67.90	59.70	2.258 times
05 Fri Jan 2024	61.00	59.45	63.00	58.15	2.841 times
29 Fri Dec 2023	58.60	61.55	61.90	58.20	0.33 times
22 Fri Dec 2023	61.40	61.65	64.50	55.65	1.278 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Orissa Bengal (OBCL)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	66.65	59.45	69.70	58.15	1.422 times
29 Fri Dec 2023	58.60	60.10	65.00	55.65	0.643 times
30 Thu Nov 2023	59.80	60.40	68.80	56.05	0.447 times
31 Tue Oct 2023	60.30	48.05	71.70	48.05	5.17 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Orissa Bengal (OBCL)

Price action analysis of Orissa Bengal ( (OBCL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Orissa Bengal ( (OBCL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Orissa Bengal ( (OBCL) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Orissa Bengal ( (OBCL) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Orissa Bengal stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Orissa Bengal in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Orissa Bengal Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Orissa Bengal in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Orissa Bengal is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 65.78 and Orissa Bengal (OBCL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Orissa Bengal (OBCL) stock. Volume based technical analysis of Orissa Bengal (OBCL) stock is negative.

Orissa Bengal Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.