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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 2024-11-05 View latest technical analysis

10 day averaged volume of Orissa Bengal is 22112

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	56.49	55.60	57.45	55.60	4.429 times
04 Mon Nov 2024	56.71	57.29	57.70	56.00	0.714 times
01 Fri Nov 2024	57.29	57.90	57.90	55.58	0.137 times
31 Thu Oct 2024	56.75	57.41	58.06	56.75	0.54 times
30 Wed Oct 2024	57.17	57.04	59.80	56.75	2.119 times
29 Tue Oct 2024	56.78	56.76	57.34	56.75	0.61 times
28 Mon Oct 2024	56.75	59.00	59.00	56.59	1.035 times
25 Fri Oct 2024	56.96	56.34	57.75	55.99	1.678 times
24 Thu Oct 2024	56.79	57.09	57.30	56.75	0.401 times
23 Wed Oct 2024	56.86	57.10	57.98	56.75	0.704 times

Stock of Orissa Bengal (OBCL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.6, but if it comes above 56.6, then a intra day buy could be more profitable.
If you take a sell trade below 56.6, then use 56.6 as stoploss and 56 as target. However if you take a buy trade in stock , then use 56.6 as stoploss and 57.04 as target.

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	54.00
Upside Target	57.90
Upside Target	58.55
Upside Target	58.85
Upside Target	59.05
Upside Target	59.80
Upside Target	61.99
Upside Target	63.89
Upside Target	64.55

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	55.49
Downside Intraday Target	54.5
Upside Intraday Target	57.59
Upside Intraday Target	58.7
Upside Intraday Target	56.6

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	56.49	57.29	57.70	55.60	1.158 times
01 Fri Nov 2024	57.29	59.00	59.80	55.58	0.437 times
25 Fri Oct 2024	56.96	58.85	58.85	55.99	1.84 times
18 Fri Oct 2024	58.07	57.75	59.05	56.75	0.608 times
11 Fri Oct 2024	56.92	56.70	58.55	54.52	1.339 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
05 Tue Nov 2024	56.49	57.90	57.90	55.58	0.152 times
31 Thu Oct 2024	56.75	56.82	59.80	54.52	0.526 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

Scroll below to view daily charts

Price has moved down 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 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.

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 coming down

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 but selling 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 56.77 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.