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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 2024-07-12 View latest technical analysis

10 day averaged volume of Orissa Bengal is 64989

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	56.75	57.00	59.50	56.00	0.704 times
11 Thu Jul 2024	56.90	58.02	58.02	56.10	0.548 times
10 Wed Jul 2024	57.04	57.43	58.46	56.46	0.344 times
09 Tue Jul 2024	57.42	57.00	58.50	56.66	0.472 times
08 Mon Jul 2024	56.87	59.30	59.95	56.00	1.387 times
05 Fri Jul 2024	58.11	58.71	59.71	56.16	0.674 times
04 Thu Jul 2024	58.70	60.80	61.12	58.00	0.869 times
03 Wed Jul 2024	58.93	63.50	63.50	57.85	1.485 times
02 Tue Jul 2024	61.14	62.70	62.70	61.00	0.729 times
01 Mon Jul 2024	61.74	61.90	62.95	60.01	1.39 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 56 as stoploss in an intra day buy trade for a target of 58.02. However, stock will show a bearish move below 56.

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	53.56
Downside Target	56.00
Upside Target	57.50
Upside Target	59.95
Upside Target	63.02
Upside Target	64.55
Upside Target	64.90
Upside Target	68.85
Upside Target	69.00

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	55.18
Downside Intraday Target	53.62
Upside Intraday Target	59.13
Upside Intraday Target	61.52
Upside Intraday Target	57.57

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	56.75	59.30	59.95	56.00	0.672 times
05 Fri Jul 2024	58.11	61.90	63.50	56.16	0.217 times
28 Fri Jun 2024	59.74	58.65	69.00	56.01	4.015 times
21 Fri Jun 2024	58.65	56.25	63.02	54.45	1.935 times
14 Fri Jun 2024	55.92	54.99	57.50	53.56	0.603 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
12 Fri Jul 2024	56.75	61.90	63.50	56.00	0.228 times
28 Fri Jun 2024	59.74	56.70	69.00	50.75	1.212 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

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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 but the sell signal is initial and weak.

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 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 positive zone. This is a BUY 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 58.69 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.