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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 2024-10-04 View latest technical analysis

10 day averaged volume of Orissa Bengal is 44612

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	56.78	57.30	57.30	56.45	0.916 times
03 Thu Oct 2024	56.63	57.12	58.79	56.01	1.571 times
01 Tue Oct 2024	57.12	56.82	57.49	56.75	0.271 times
30 Mon Sep 2024	56.75	57.99	57.99	56.72	0.607 times
27 Fri Sep 2024	57.26	58.21	58.21	57.06	0.385 times
26 Thu Sep 2024	57.45	57.10	61.38	56.75	4.092 times
25 Wed Sep 2024	56.75	57.70	57.70	56.50	0.376 times
24 Tue Sep 2024	56.78	57.59	57.77	56.75	0.551 times
23 Mon Sep 2024	57.01	57.00	57.50	56.01	0.801 times
20 Fri Sep 2024	56.86	56.15	57.59	56.15	0.479 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 56.7 as stoploss in an intra day buy trade for a target of 57.07. However, stock will show a bearish move below 56.7.

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	50.75
Downside Target	54.00
Downside Target	56.00
Upside Target	58.38
Upside Target	58.79
Upside Target	59.20
Upside Target	61.38
Upside Target	61.99
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	55.6
Downside Intraday Target	54.41
Upside Intraday Target	58.38
Upside Intraday Target	59.97
Upside Intraday Target	57.19

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	56.78	57.99	58.79	56.01	0.543 times
27 Fri Sep 2024	57.26	57.00	61.38	56.01	1.561 times
20 Fri Sep 2024	56.86	57.90	58.38	56.00	0.461 times
13 Fri Sep 2024	57.46	58.35	59.20	56.40	0.652 times
06 Fri Sep 2024	57.51	58.45	61.99	56.30	2.145 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
04 Fri Oct 2024	56.78	56.82	58.79	56.01	0.085 times
30 Mon Sep 2024	56.75	58.45	61.99	56.00	0.966 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

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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY. Signal strength is Strong and stock is gaining 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 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 SELL signal for Orissa Bengal in short term and SELL signal is strong!

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 57.08 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.