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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 2024-05-22 View latest technical analysis

10 day averaged volume of Orissa Bengal is 52807

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	54.10	54.00	56.50	53.45	1.093 times
21 Tue May 2024	54.00	54.20	55.45	53.20	1.762 times
18 Sat May 2024	54.15	55.35	55.35	53.05	0.213 times
17 Fri May 2024	53.55	53.95	55.05	52.30	0.976 times
16 Thu May 2024	53.50	54.60	54.80	53.15	0.366 times
15 Wed May 2024	54.45	55.10	55.85	54.05	0.85 times
14 Tue May 2024	54.50	54.50	55.65	53.25	0.776 times
13 Mon May 2024	54.45	55.60	55.60	53.30	0.723 times
10 Fri May 2024	54.35	55.00	55.00	53.40	0.303 times
09 Thu May 2024	53.80	54.20	56.60	53.30	2.463 times

My analysis of stock is bearish for shortterm, and stock might move down till 52.4 or till 49.2. Use a stoploss of 55.1 and if the stock hits stoploss, then it can shoot up till 57.79

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	46.50
Downside Target	47.90
Downside Target	51.00
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	52.7
Downside Intraday Target	51.3
Upside Intraday Target	56
Upside Intraday Target	57.9
Upside Intraday Target	54.6

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	54.10	54.20	56.50	53.20	0.731 times
18 Sat May 2024	54.15	55.60	55.85	52.30	0.56 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

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
22 Wed May 2024	54.10	60.45	61.30	52.30	0.246 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Orissa Bengal ( (OBCL) ) based on a short to mid 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 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 Weak and stock is gaining momentum.

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

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

Orissa Bengal Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 54.02 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 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 negative.

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