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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)

10 day averaged volume of Orissa Bengal is 63483

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	51.00	53.90	53.90	50.50	0.962 times
16 Tue Apr 2024	51.80	50.60	52.60	50.60	0.542 times
15 Mon Apr 2024	51.60	52.75	56.70	50.40	2.001 times
12 Fri Apr 2024	52.80	54.90	55.85	52.50	1.376 times
10 Wed Apr 2024	54.90	54.05	55.60	53.25	0.572 times
09 Tue Apr 2024	53.80	55.05	55.75	53.00	0.416 times
08 Mon Apr 2024	54.60	56.80	56.80	54.35	0.377 times
05 Fri Apr 2024	55.35	55.10	55.90	54.50	0.352 times
04 Thu Apr 2024	55.10	54.00	55.80	53.45	0.59 times
03 Wed Apr 2024	53.95	52.65	54.70	52.15	1.687 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 50.4 as stoploss in an intra day buy trade for a target of 52.49. However, stock will show a bearish move below 50.4.

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	46.50
Downside Target	47.90
Downside Target	50.40
Upside Target	52.50
Upside Target	54.00
Upside Target	55.65
Upside Target	58.05
Upside Target	58.15
Upside Target	60.20
Upside Target	64.90
Upside Target	65.00
Upside Target	69.70
Upside Target	79.40

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	48.7
Downside Intraday Target	46.4
Upside Intraday Target	55
Upside Intraday Target	59
Upside Intraday Target	52.7

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	51.00	52.75	56.70	50.40	1.278 times
12 Fri Apr 2024	52.80	56.80	56.80	52.50	0.472 times
05 Fri Apr 2024	55.35	48.50	55.90	47.90	1.287 times
28 Thu Mar 2024	47.20	54.00	54.00	46.50	0.781 times
22 Fri Mar 2024	52.20	53.45	58.05	51.40	0.846 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
18 Thu Apr 2024	51.00	48.50	56.80	47.90	0.463 times
28 Thu Mar 2024	47.20	61.95	64.90	46.50	0.34 times
29 Thu Feb 2024	61.10	62.55	79.40	60.20	1.964 times
31 Wed Jan 2024	62.85	59.45	69.70	58.15	1.694 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

Orissa Bengal Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 buy signal for Orissa Bengal in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 53 and Orissa Bengal (OBCL) stock is trading below this level. This means that stock is falling with high volumes. 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.