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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 2024-07-16 View latest technical analysis

10 day averaged volume of Orissa Bengal is 52172

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	57.31	57.26	59.20	56.50	0.952 times
15 Mon Jul 2024	56.64	56.50	57.58	55.16	1.016 times
12 Fri Jul 2024	56.75	57.00	59.50	56.00	0.877 times
11 Thu Jul 2024	56.90	58.02	58.02	56.10	0.683 times
10 Wed Jul 2024	57.04	57.43	58.46	56.46	0.429 times
09 Tue Jul 2024	57.42	57.00	58.50	56.66	0.588 times
08 Mon Jul 2024	56.87	59.30	59.95	56.00	1.728 times
05 Fri Jul 2024	58.11	58.71	59.71	56.16	0.839 times
04 Thu Jul 2024	58.70	60.80	61.12	58.00	1.082 times
03 Wed Jul 2024	58.93	63.50	63.50	57.85	1.85 times

My analysis of stock is bearish for shortterm, and stock might move down till 56.2 or till 53.9. Use a stoploss of 58.13 and if the stock hits stoploss, then it can shoot up till 60.05

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	54.45
Upside Target	59.20
Upside Target	63.02
Upside Target	63.50
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	55.25
Downside Intraday Target	53.18
Upside Intraday Target	59.29
Upside Intraday Target	61.26
Downside Intraday Target	57.22

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	57.31	56.50	59.20	55.16	0.457 times
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

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
16 Tue Jul 2024	57.31	61.90	63.50	55.16	0.27 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 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 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 57.6 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.