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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 2024-06-03 View latest technical analysis

10 day averaged volume of Orissa Bengal is 126726

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	54.10	56.70	56.80	54.00	0.433 times
31 Fri May 2024	54.25	55.40	57.45	52.85	0.535 times
30 Thu May 2024	55.65	57.95	58.80	55.00	0.253 times
29 Wed May 2024	57.05	58.95	59.05	56.30	0.481 times
28 Tue May 2024	57.90	60.00	64.55	57.00	5.292 times
27 Mon May 2024	57.00	58.90	58.90	53.55	1.419 times
24 Fri May 2024	54.80	54.45	55.50	54.10	0.228 times
23 Thu May 2024	54.00	55.45	55.85	53.50	0.513 times
22 Wed May 2024	54.10	54.00	56.50	53.45	0.456 times
21 Tue May 2024	54.00	54.20	55.45	53.20	0.734 times

My analysis of stock is bearish for shortterm, and stock might move down till 53.5 or till 52. Use a stoploss of 54.67 and if the stock hits stoploss, then it can shoot up till 55.88

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	46.50
Downside Target	47.90
Downside Target	52.30
Upside Target	55.85
Upside Target	56.80
Upside Target	58.90
Upside Target	60.20
Upside Target	64.55
Upside Target	64.90
Upside Target	68.85
Upside Target	79.40

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	53.13
Downside Intraday Target	52.17
Upside Intraday Target	55.93
Upside Intraday Target	57.77
Upside Intraday Target	54.97

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	54.10	56.70	56.80	54.00	0.054 times
31 Fri May 2024	54.25	58.90	64.55	52.85	4.133 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

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
03 Mon Jun 2024	54.10	56.70	56.80	54.00	0.027 times
31 Fri May 2024	54.25	60.45	64.55	52.30	0.541 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 green color and prices are in or below the green 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 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 56.63 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.