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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 2024-07-31 View latest technical analysis

10 day averaged volume of Orissa Bengal is 81689

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	60.69	62.50	62.52	60.10	0.485 times
30 Tue Jul 2024	60.48	62.50	64.55	60.00	1.326 times
29 Mon Jul 2024	62.37	60.80	63.00	58.00	2.894 times
26 Fri Jul 2024	60.01	57.44	61.35	56.60	2.745 times
25 Thu Jul 2024	56.26	55.40	57.49	55.40	0.302 times
24 Wed Jul 2024	56.13	57.00	57.59	55.81	0.233 times
23 Tue Jul 2024	55.84	57.01	57.23	54.00	0.329 times
22 Mon Jul 2024	56.71	56.90	58.09	55.61	0.393 times
19 Fri Jul 2024	56.25	57.37	58.90	56.01	0.648 times
18 Thu Jul 2024	56.40	58.80	58.80	56.10	0.521 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 59.6, but if it comes below 59.6, then a intra day sell could be more profitable.
If you take a sell trade below 59.6, then use 59.6 as stoploss and 57.79 as target. However if you take a buy trade in stock , then use 59.6 as stoploss and 61.7 as target.

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	46.50
Downside Target	47.90
Downside Target	50.75
Downside Target	52.30
Downside Target	54.00
Downside Target	55.16
Downside Target	58.00
Downside Target	59.20
Upside Target	61.35
Upside Target	63.50
Upside Target	64.55
Upside Target	64.90
Upside Target	68.85
Upside Target	69.00

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	57.61
Downside Intraday Target	54.53
Upside Intraday Target	64.16
Upside Intraday Target	67.63
Upside Intraday Target	61.08

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	60.69	60.80	64.55	58.00	1.176 times
26 Fri Jul 2024	60.01	56.90	61.35	54.00	1.65 times
19 Fri Jul 2024	56.25	56.50	59.20	55.16	0.882 times
12 Fri Jul 2024	56.75	59.30	59.95	56.00	0.672 times
05 Fri Jul 2024	58.11	61.90	63.50	56.16	0.217 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
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
30 Tue Apr 2024	60.85	48.50	68.85	47.90	2.265 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 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 BUY. Signal strength is Strong and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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

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 59.88 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.