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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 2024-09-11 View latest technical analysis

10 day averaged volume of Orissa Bengal is 81343

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	57.98	58.15	59.20	56.76	2.475 times
10 Tue Sep 2024	57.30	57.10	58.40	57.10	0.301 times
09 Mon Sep 2024	56.71	58.35	58.51	56.40	0.751 times
06 Fri Sep 2024	57.51	58.40	58.40	56.30	2.71 times
05 Thu Sep 2024	57.61	58.43	58.43	57.50	0.189 times
04 Wed Sep 2024	57.46	59.10	59.60	57.10	0.749 times
03 Tue Sep 2024	59.02	59.30	61.99	58.15	1.739 times
02 Mon Sep 2024	58.65	58.45	59.00	56.50	1.864 times
30 Fri Aug 2024	57.64	57.91	59.05	57.50	0.319 times
29 Thu Aug 2024	57.39	58.71	60.00	57.02	0.505 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 57 or till 55.2. Use a stoploss of 58.61 and if the stock hits stoploss, then it can shoot up till 60.17

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	50.75
Downside Target	52.30
Downside Target	54.00
Downside Target	56.10
Upside Target	59.20
Upside Target	61.99
Upside Target	62.31
Upside Target	63.89
Upside Target	64.55
Upside Target	69.00

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	56.52
Downside Intraday Target	55.06
Upside Intraday Target	59.32
Upside Intraday Target	60.66
Downside Intraday Target	57.86

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	57.98	58.35	59.20	56.40	0.486 times
06 Fri Sep 2024	57.51	58.45	61.99	56.30	2.145 times
30 Fri Aug 2024	57.64	61.85	62.31	57.02	0.491 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

Price has moved up 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
11 Wed Sep 2024	57.98	58.45	61.99	56.30	0.582 times
30 Fri Aug 2024	57.64	60.70	63.89	54.05	1.026 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Orissa Bengal stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Orissa Bengal in short term and the sell 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 LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term and selling is picking up 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 57.96 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.