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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 2024-06-06 View latest technical analysis

10 day averaged volume of Orissa Bengal is 132963

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	55.00	53.00	56.30	53.00	0.455 times
05 Wed Jun 2024	51.95	52.95	53.00	50.75	0.318 times
04 Tue Jun 2024	51.75	54.00	55.60	51.05	0.958 times
03 Mon Jun 2024	54.10	56.70	56.80	54.00	0.412 times
31 Fri May 2024	54.25	55.40	57.45	52.85	0.51 times
30 Thu May 2024	55.65	57.95	58.80	55.00	0.241 times
29 Wed May 2024	57.05	58.95	59.05	56.30	0.458 times
28 Tue May 2024	57.90	60.00	64.55	57.00	5.044 times
27 Mon May 2024	57.00	58.90	58.90	53.55	1.353 times
24 Fri May 2024	54.80	54.45	55.50	54.10	0.218 times

My analysis of stock is bullish for shortterm, and stock might move up till 56 or till 57.8. Use a stoploss of 54.53 and if this stock hits its stoploss, then it can fall down till 53.06

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	46.50
Downside Target	47.90
Downside Target	50.75
Downside 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	51.57
Downside Intraday Target	48.13
Upside Intraday Target	57.62
Upside Intraday Target	60.23
Downside Intraday Target	54.18

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	55.00	56.70	56.80	50.75	0.282 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 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
06 Thu Jun 2024	55.00	56.70	56.80	50.75	0.141 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 up 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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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

Stock of Orissa Bengal is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 56.36 and Orissa Bengal (OBCL) stock is trading below this level. This means that stock is falling with high volumes. 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.