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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 2024-05-29 View latest technical analysis

10 day averaged volume of Orissa Bengal is 122227

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	57.05	58.95	59.05	56.30	0.499 times
28 Tue May 2024	57.90	60.00	64.55	57.00	5.487 times
27 Mon May 2024	57.00	58.90	58.90	53.55	1.472 times
24 Fri May 2024	54.80	54.45	55.50	54.10	0.237 times
23 Thu May 2024	54.00	55.45	55.85	53.50	0.531 times
22 Wed May 2024	54.10	54.00	56.50	53.45	0.472 times
21 Tue May 2024	54.00	54.20	55.45	53.20	0.761 times
18 Sat May 2024	54.15	55.35	55.35	53.05	0.092 times
17 Fri May 2024	53.55	53.95	55.05	52.30	0.422 times
16 Thu May 2024	53.50	54.60	54.80	53.15	0.158 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.8, but if it comes below 56.8, then a intra day sell could be more profitable.
If you take a sell trade below 56.8, then use 56.8 as stoploss and 55.13 as target. However if you take a buy trade in stock , then use 56.8 as stoploss and 58.9 as target.

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	46.50
Downside Target	47.90
Downside Target	51.70
Downside Target	55.85
Upside Target	58.15
Upside Target	60.20
Upside Target	64.55
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	52.22
Downside Intraday Target	47.38
Upside Intraday Target	63.22
Upside Intraday Target	69.38
Upside Intraday Target	58.38

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	57.05	58.90	64.55	53.55	3.725 times
24 Fri May 2024	54.80	54.20	56.50	53.20	1.187 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Orissa Bengal (OBCL)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed May 2024	57.05	60.45	64.55	52.30	0.514 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Orissa Bengal stock for short term is BUY. Signal strength is Strong and stock is losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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 56.7 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.