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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 2024-12-20 View latest technical analysis

10 day averaged volume of Orissa Bengal is 44636

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	55.97	57.90	57.98	55.07	0.676 times
19 Thu Dec 2024	56.78	58.80	58.80	56.75	0.362 times
18 Wed Dec 2024	57.26	57.96	58.30	55.98	5.273 times
17 Tue Dec 2024	57.07	56.77	58.36	56.44	0.454 times
16 Mon Dec 2024	56.77	57.10	58.63	56.51	0.72 times
13 Fri Dec 2024	57.51	58.30	59.00	56.99	0.153 times
12 Thu Dec 2024	57.75	59.16	59.29	57.61	0.103 times
11 Wed Dec 2024	58.06	58.00	59.38	57.56	0.251 times
10 Tue Dec 2024	58.36	59.99	60.00	57.50	0.336 times
09 Mon Dec 2024	59.60	60.45	61.00	59.04	0.445 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56, but if it comes above 56, then a intra day buy could be more profitable.
If you take a sell trade below 56, then use 56 as stoploss and 54.2 as target. However if you take a buy trade in stock , then use 56 as stoploss and 57.39 as target.

Share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Target	54.05
Upside Target	58.36
Upside Target	58.80
Upside Target	59.80
Upside Target	61.00
Upside Target	61.99
Upside Target	62.80
Upside Target	63.89

Intraday share price targets for Orissa Bengal (OBCL)

Target Type	Value
Downside Intraday Target	54.43
Downside Intraday Target	52.88
Upside Intraday Target	58.16
Upside Intraday Target	60.34
Upside Intraday Target	56.61

Weekly technical analysis of Orissa Bengal (OBCL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	55.97	57.10	58.80	55.07	5.807 times
13 Fri Dec 2024	57.51	60.45	61.00	56.99	0.182 times
06 Fri Dec 2024	61.19	56.81	62.80	56.22	3.583 times
29 Fri Nov 2024	56.81	55.61	58.36	55.01	0.849 times
22 Fri Nov 2024	56.31	57.40	57.95	55.01	2.119 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Orissa Bengal (OBCL)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	55.97	56.81	62.80	55.07	1.78 times
29 Fri Nov 2024	56.81	57.90	58.36	55.01	0.519 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

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 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 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 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 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 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 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 but buying is losing 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 57.28 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.