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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 2024-08-16 View latest technical analysis

10 day averaged volume of Orissa Bengal is 53912

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	57.03	58.50	58.70	56.20	2.462 times
14 Wed Aug 2024	56.24	57.56	58.39	56.10	0.568 times
13 Tue Aug 2024	57.01	57.10	59.59	56.60	1.087 times
12 Mon Aug 2024	57.10	57.50	58.24	56.70	0.732 times
09 Fri Aug 2024	57.13	56.40	58.39	56.40	0.769 times
08 Thu Aug 2024	56.16	57.35	58.98	56.06	2.365 times
07 Wed Aug 2024	56.57	55.75	57.63	55.50	0.9 times
06 Tue Aug 2024	54.99	59.00	59.00	54.05	0.781 times
05 Mon Aug 2024	56.41	58.05	60.03	56.10	1.277 times
02 Fri Aug 2024	59.40	60.67	60.67	58.90	0.552 times

Stock of Orissa Bengal (OBCL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 55.6 or till 53.2. Use a stoploss of 57.67 and if the stock hits stoploss, then it can shoot up till 59.71

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	47.90
Downside Target	50.75
Downside Target	52.30
Downside Target	54.00
Downside Target	55.16
Upside Target	58.00
Upside Target	59.20
Upside Target	61.35
Upside Target	62.50
Upside Target	64.55
Upside Target	68.85
Upside Target	69.00

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	55.56
Downside Intraday Target	54.08
Upside Intraday Target	59.05
Upside Intraday Target	61.06
Upside Intraday Target	57.57

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	57.03	57.50	59.59	56.10	0.796 times
09 Fri Aug 2024	57.13	58.05	60.03	54.05	0.704 times
02 Fri Aug 2024	59.40	60.80	64.55	58.00	1.427 times
26 Fri Jul 2024	60.01	56.90	61.35	54.00	1.65 times
19 Fri Jul 2024	56.25	56.50	59.20	55.16	0.882 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
16 Fri Aug 2024	57.03	60.70	62.50	54.05	0.457 times
31 Wed Jul 2024	60.69	61.90	64.55	54.00	0.598 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

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 neutral. A longer time frame might give a better analysis.

Price action analysis of Orissa Bengal ( (OBCL) ) based on a short 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.

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 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

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 56.69 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 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 negative.

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