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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 2024-02-29 View latest technical analysis

10 day averaged volume of Orissa Bengal is 127630

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	61.10	62.50	62.50	60.20	0.379 times
28 Wed Feb 2024	62.45	64.25	65.00	62.00	0.352 times
27 Tue Feb 2024	63.60	65.35	66.60	63.00	0.364 times
26 Mon Feb 2024	65.65	66.75	67.00	64.30	0.315 times
23 Fri Feb 2024	65.75	67.65	69.35	65.50	0.169 times
22 Thu Feb 2024	66.70	67.70	67.70	65.40	0.255 times
21 Wed Feb 2024	65.65	68.00	68.00	65.00	0.487 times
20 Tue Feb 2024	66.55	69.90	70.00	66.30	0.544 times
19 Mon Feb 2024	69.45	63.65	75.95	63.60	6.536 times
16 Fri Feb 2024	63.90	64.75	66.60	63.30	0.552 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 62.8, but if it comes above 62.8, then a intra day buy could be more profitable.
If you take a sell trade below 62.8, then use 62.8 as stoploss and 58 as target. However if you take a buy trade in stock , then use 62.8 as stoploss and 66.76 as target.

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	48.05
Downside Target	55.65
Downside Target	58.15
Downside Target	60.20
Upside Target	63.60
Upside Target	65.00
Upside Target	67.00
Upside Target	70.85
Upside Target	71.70
Upside Target	75.40
Upside Target	75.95
Upside Target	79.40

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	58.53
Downside Intraday Target	55.97
Upside Intraday Target	65.33
Upside Intraday Target	69.57
Upside Intraday Target	62.77

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	61.10	66.75	67.00	60.20	0.176 times
23 Fri Feb 2024	65.75	63.65	75.95	63.60	2.106 times
16 Fri Feb 2024	63.90	69.10	70.85	60.60	0.592 times
09 Fri Feb 2024	68.90	74.35	79.40	68.10	0.323 times
02 Fri Feb 2024	72.50	62.55	75.40	61.30	11.79 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 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
29 Fri Dec 2023	58.60	60.10	65.00	55.65	0.643 times
30 Thu Nov 2023	59.80	60.40	68.80	56.05	0.447 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

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 SELL signal for Orissa Bengal in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 67.76 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.