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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 2024-02-05 View latest technical analysis

10 day averaged volume of Orissa Bengal is 283298

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	74.75	74.35	79.40	72.75	1.491 times
02 Fri Feb 2024	72.50	74.45	74.80	69.40	2.283 times
01 Thu Feb 2024	74.80	62.55	75.40	62.30	6.025 times
31 Wed Jan 2024	62.85	62.05	64.60	62.05	0.148 times
30 Tue Jan 2024	63.00	63.05	64.10	62.55	0.164 times
29 Mon Jan 2024	62.85	62.55	64.50	61.30	0.331 times
25 Thu Jan 2024	63.05	62.85	64.85	62.55	0.115 times
24 Wed Jan 2024	62.85	61.75	64.65	61.35	0.182 times
23 Tue Jan 2024	61.80	65.55	68.45	61.00	0.282 times
22 Mon Jan 2024	65.45	68.00	68.50	64.80	0.18 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 74.5, for a target of 69.4 or 65.21

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	48.05
Downside Target	55.65
Downside Target	58.15
Downside Target	59.70
Downside Target	65.00
Downside Target	67.90
Downside Target	69.70
Downside Target	71.70
Downside Target	72.75
Upside Target	75.40
Upside Target	79.40

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	71.87
Downside Intraday Target	68.98
Upside Intraday Target	78.52
Upside Intraday Target	82.28
Upside Intraday Target	75.63

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	74.75	74.35	79.40	72.75	0.167 times
02 Fri Feb 2024	72.50	62.55	75.40	61.30	11.79 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

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
05 Mon Feb 2024	74.75	62.55	79.40	62.30	1.122 times
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

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 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 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 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 72.85 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.