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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 2024-06-05 View latest technical analysis

10 day averaged volume of Orissa Bengal is 134513

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	51.95	52.95	53.00	50.75	0.314 times
04 Tue Jun 2024	51.75	54.00	55.60	51.05	0.947 times
03 Mon Jun 2024	54.10	56.70	56.80	54.00	0.408 times
31 Fri May 2024	54.25	55.40	57.45	52.85	0.504 times
30 Thu May 2024	55.65	57.95	58.80	55.00	0.238 times
29 Wed May 2024	57.05	58.95	59.05	56.30	0.453 times
28 Tue May 2024	57.90	60.00	64.55	57.00	4.986 times
27 Mon May 2024	57.00	58.90	58.90	53.55	1.337 times
24 Fri May 2024	54.80	54.45	55.50	54.10	0.215 times
23 Thu May 2024	54.00	55.45	55.85	53.50	0.483 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 53, but if it comes above 53, then a intra day buy could be more profitable.
If you take a sell trade below 53, then use 53 as stoploss and 51.2 as target. However if you take a buy trade in stock , then use 53 as stoploss and 54.47 as target.

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	46.50
Downside Target	47.90
Downside Target	50.75
Upside Target	52.30
Upside Target	55.85
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	49.53
Downside Intraday Target	47.12
Upside Intraday Target	55.58
Upside Intraday Target	59.22
Upside Intraday Target	53.17

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	51.95	56.70	56.80	50.75	0.222 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
05 Wed Jun 2024	51.95	56.70	56.80	50.75	0.111 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 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 short to mid 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 mid to longer 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

ADX buy sell signal for Orissa Bengal stock for short term is SELL. 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.

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 moving up

CCI has generated a SELL signal for Orissa Bengal in short term and SELL 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 56.31 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 negative.

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