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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 2024-05-15 View latest technical analysis

10 day averaged volume of Orissa Bengal is 218745

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	54.45	55.10	55.85	54.05	0.205 times
14 Tue May 2024	54.50	54.50	55.65	53.25	0.187 times
13 Mon May 2024	54.45	55.60	55.60	53.30	0.175 times
10 Fri May 2024	54.35	55.00	55.00	53.40	0.073 times
09 Thu May 2024	53.80	54.20	56.60	53.30	0.595 times
08 Wed May 2024	54.25	53.50	55.70	53.00	0.378 times
07 Tue May 2024	53.60	56.95	56.95	53.05	0.425 times
06 Mon May 2024	56.20	58.40	58.90	55.30	0.213 times
03 Fri May 2024	57.30	60.00	60.00	56.40	0.261 times
02 Thu May 2024	59.70	60.45	61.30	59.25	0.625 times

My analysis of stock is bearish for shortterm, and stock might move down till 51.6 or till 48. Use a stoploss of 54.66 and if the stock hits stoploss, then it can shoot up till 57.67

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	46.50
Downside Target	47.90
Downside Target	50.00
Downside Target	51.00
Downside Target	53.00
Upside Target	54.95
Upside Target	58.15
Upside Target	60.20
Upside Target	61.30
Upside Target	64.90
Upside Target	68.85
Upside Target	69.70
Upside Target	79.40

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	53.18
Downside Intraday Target	51.92
Upside Intraday Target	55.78
Upside Intraday Target	57.12
Upside Intraday Target	54.52

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	54.45	55.60	55.85	53.25	0.337 times
10 Fri May 2024	54.35	58.40	58.90	53.00	0.132 times
03 Fri May 2024	57.30	51.70	68.85	51.70	8.88 times
26 Fri Apr 2024	51.65	52.50	54.95	51.00	1.084 times
19 Fri Apr 2024	51.55	52.75	56.70	50.00	1.666 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
15 Wed May 2024	54.45	60.45	61.30	53.00	0.183 times
30 Tue Apr 2024	60.85	48.50	68.85	47.90	2.265 times
28 Thu Mar 2024	47.20	61.95	64.90	46.50	0.34 times
29 Thu Feb 2024	61.10	62.55	79.40	60.20	1.964 times

Scroll below to view daily charts

Price has moved down 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL signal for Orissa Bengal in short term and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Orissa Bengal in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 55.59 and Orissa Bengal (OBCL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.