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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 2024-08-29 View latest technical analysis

10 day averaged volume of Orissa Bengal is 93071

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	57.39	58.71	60.00	57.02	0.441 times
28 Wed Aug 2024	58.96	60.55	60.55	58.51	0.763 times
27 Tue Aug 2024	59.70	60.00	61.66	59.40	0.606 times
26 Mon Aug 2024	59.53	61.85	62.31	59.50	0.865 times
23 Fri Aug 2024	61.06	61.00	62.25	60.63	0.561 times
22 Thu Aug 2024	60.39	63.80	63.80	60.00	1.015 times
21 Wed Aug 2024	62.35	59.33	63.89	59.00	2.449 times
20 Tue Aug 2024	60.40	60.58	62.40	59.50	0.415 times
19 Mon Aug 2024	59.30	58.00	61.69	57.03	1.57 times
16 Fri Aug 2024	57.03	58.50	58.70	56.20	1.426 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 56.4 as stoploss in an intra day buy trade for a target of 58.39. However, stock will show a bearish move below 56.4.

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
Upside Target	59.59
Upside Target	62.31
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	55.5
Downside Intraday Target	53.62
Upside Intraday Target	60.79
Upside Intraday Target	64.2
Upside Intraday Target	58.91

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	57.39	61.85	62.31	57.02	0.445 times
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

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
29 Thu Aug 2024	57.39	60.70	63.89	54.05	1.008 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Orissa Bengal in short term but the sell signal is initial and weak.

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 getting stronger in this stock.

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

CCI has generated a SELL signal for Orissa Bengal in short term and SELL signal is strong!

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 59.91 and Orissa Bengal (OBCL) stock is trading below this level. This means that stock is falling with high volumes. 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.