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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 2024-08-22 View latest technical analysis

10 day averaged volume of Orissa Bengal is 89167

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	60.39	63.80	63.80	60.00	1.06 times
21 Wed Aug 2024	62.35	59.33	63.89	59.00	2.557 times
20 Tue Aug 2024	60.40	60.58	62.40	59.50	0.433 times
19 Mon Aug 2024	59.30	58.00	61.69	57.03	1.639 times
16 Fri Aug 2024	57.03	58.50	58.70	56.20	1.488 times
14 Wed Aug 2024	56.24	57.56	58.39	56.10	0.343 times
13 Tue Aug 2024	57.01	57.10	59.59	56.60	0.657 times
12 Mon Aug 2024	57.10	57.50	58.24	56.70	0.443 times
09 Fri Aug 2024	57.13	56.40	58.39	56.40	0.465 times
08 Thu Aug 2024	56.16	57.35	58.98	56.06	1.43 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 60.8 as stoploss in an intra day sell trade for a target of 58.55. However, stock will show a bullish move above 60.8.

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	56.10
Downside Target	59.59
Upside Target	61.35
Upside Target	63.89
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	56.98
Downside Intraday Target	53.58
Upside Intraday Target	63.84
Upside Intraday Target	67.3
Upside Intraday Target	60.44

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	60.39	58.00	63.89	57.03	1.94 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Orissa Bengal (OBCL)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	60.39	60.70	63.89	54.05	0.803 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 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 neutral. A longer time frame might give a better analysis.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Orissa Bengal in short term but SELL 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 59.02 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 positive

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