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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 2024-06-18 View latest technical analysis

10 day averaged volume of Orissa Bengal is 52763

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	55.96	56.25	57.89	55.40	0.638 times
14 Fri Jun 2024	55.92	55.21	56.70	55.09	0.656 times
13 Thu Jun 2024	55.84	56.21	57.50	55.50	0.755 times
12 Wed Jun 2024	56.21	54.55	56.45	54.55	0.9 times
11 Tue Jun 2024	54.55	55.90	57.00	53.56	0.822 times
10 Mon Jun 2024	55.19	54.99	56.50	54.21	0.63 times
07 Fri Jun 2024	54.30	56.00	56.50	53.45	0.84 times
06 Thu Jun 2024	55.00	53.00	56.30	53.00	1.145 times
05 Wed Jun 2024	51.95	52.95	53.00	50.75	0.801 times
04 Tue Jun 2024	51.75	54.00	55.60	51.05	2.413 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 56.5 as stoploss in an intra day sell trade for a target of 54.98. However, stock will show a bullish move above 56.5.

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
Downside Target	55.40
Upside Target	57.89
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	54.94
Downside Intraday Target	53.93
Upside Intraday Target	57.43
Upside Intraday Target	58.91
Upside Intraday Target	56.42

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	55.96	56.25	57.89	55.40	0.17 times
14 Fri Jun 2024	55.92	54.99	57.50	53.56	0.603 times
07 Fri Jun 2024	54.30	56.70	56.80	50.75	0.325 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

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
18 Tue Jun 2024	55.96	56.70	57.89	50.75	0.277 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 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 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 54.15 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 negative.

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