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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 2024-07-24 View latest technical analysis

10 day averaged volume of Orissa Bengal is 39162

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	56.13	57.00	57.59	55.81	0.485 times
23 Tue Jul 2024	55.84	57.01	57.23	54.00	0.687 times
22 Mon Jul 2024	56.71	56.90	58.09	55.61	0.82 times
19 Fri Jul 2024	56.25	57.37	58.90	56.01	1.352 times
18 Thu Jul 2024	56.40	58.80	58.80	56.10	1.088 times
16 Tue Jul 2024	57.31	57.26	59.20	56.50	1.268 times
15 Mon Jul 2024	56.64	56.50	57.58	55.16	1.353 times
12 Fri Jul 2024	56.75	57.00	59.50	56.00	1.168 times
11 Thu Jul 2024	56.90	58.02	58.02	56.10	0.91 times
10 Wed Jul 2024	57.04	57.43	58.46	56.46	0.572 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.2, but if it comes above 56.2, then a intra day buy could be more profitable.
If you take a sell trade below 56.2, then use 56.2 as stoploss and 53.9 as target. However if you take a buy trade in stock , then use 56.2 as stoploss and 58.05 as target.

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	54.00
Downside Target	55.16
Upside Target	58.09
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	54.06
Downside Intraday Target	51.98
Upside Intraday Target	58.15
Upside Intraday Target	60.16
Downside Intraday Target	56.07

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	56.13	56.90	58.09	54.00	0.394 times
19 Fri Jul 2024	56.25	56.50	59.20	55.16	0.882 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

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
24 Wed Jul 2024	56.13	61.90	63.50	54.00	0.34 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

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 56.63 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.