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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 2024-08-23 View latest technical analysis

10 day averaged volume of Orissa Bengal is 93765

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	61.06	61.00	62.25	60.63	0.557 times
22 Thu Aug 2024	60.39	63.80	63.80	60.00	1.008 times
21 Wed Aug 2024	62.35	59.33	63.89	59.00	2.431 times
20 Tue Aug 2024	60.40	60.58	62.40	59.50	0.412 times
19 Mon Aug 2024	59.30	58.00	61.69	57.03	1.559 times
16 Fri Aug 2024	57.03	58.50	58.70	56.20	1.415 times
14 Wed Aug 2024	56.24	57.56	58.39	56.10	0.327 times
13 Tue Aug 2024	57.01	57.10	59.59	56.60	0.625 times
12 Mon Aug 2024	57.10	57.50	58.24	56.70	0.421 times
09 Fri Aug 2024	57.13	56.40	58.39	56.40	0.442 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 61, but if it comes below 61, then a intra day sell could be more profitable.
If you take a sell trade below 61, then use 61 as stoploss and 58.79 as target. However if you take a buy trade in stock , then use 61 as stoploss and 63.7 as target.

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	57.43
Downside Intraday Target	53.8
Upside Intraday Target	64.29
Upside Intraday Target	67.52
Downside Intraday Target	60.66

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	61.06	58.00	63.89	57.03	2.14 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
23 Fri Aug 2024	61.06	60.70	63.89	54.05	0.838 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 up 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

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

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 59.56 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.