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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 2024-01-31 View latest technical analysis

10 day averaged volume of Orissa Bengal is 119595

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	62.85	62.05	64.60	62.05	0.35 times
30 Tue Jan 2024	63.00	63.05	64.10	62.55	0.389 times
29 Mon Jan 2024	62.85	62.55	64.50	61.30	0.784 times
25 Thu Jan 2024	63.05	62.85	64.85	62.55	0.272 times
24 Wed Jan 2024	62.85	61.75	64.65	61.35	0.431 times
23 Tue Jan 2024	61.80	65.55	68.45	61.00	0.668 times
22 Mon Jan 2024	65.45	68.00	68.50	64.80	0.427 times
19 Fri Jan 2024	66.65	66.40	67.85	65.30	0.685 times
18 Thu Jan 2024	65.60	67.95	69.00	61.60	1.573 times
17 Wed Jan 2024	67.90	61.00	69.70	61.00	4.359 times

My analysis of stock is bearish for shortterm, and stock might move down till 61.1 or till 58.6. Use a stoploss of 63.3 and if the stock hits stoploss, then it can shoot up till 65.46

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
Upside Target	63.00
Upside Target	64.60
Upside Target	65.00
Upside Target	67.90
Upside Target	68.50
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	61.23
Downside Intraday Target	59.62
Upside Intraday Target	64.53
Upside Intraday Target	66.22
Upside Intraday Target	62.92

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	62.85	62.55	64.60	61.30	0.848 times
25 Thu Jan 2024	63.05	68.00	68.50	61.00	0.242 times
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

Price has moved down 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
31 Wed Jan 2024	62.85	59.45	69.70	58.15	1.694 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, and volume has increased substantially. This means that the move can 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Orissa Bengal ( (OBCL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Orissa Bengal ( (OBCL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Orissa Bengal ( (OBCL) ) based on a mid to longer 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.

ADX buy sell signal for Orissa Bengal stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Orissa Bengal in short term but the sell signal is initial and weak.

Orissa Bengal Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Orissa Bengal in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 65.81 and Orissa Bengal (OBCL) stock is trading below this level. This means that stock is falling with high volumes. 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.