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(ORIENTELEC) Orient Electric complete technical analysis [charts+indicators] | Buy/Sell Orient Electric | (ORIENTELEC) share price targets

Complete technical analysis of Orient Electric (ORIENTELEC) by charts plus indicators, forecast predictions and share price targets for Orient Electric (ORIENTELEC)

Orient Electric trades in NSE in REAL_ESTATE_INVESTMENT_TRUST sector.

10 day averaged volume of Orient Electric is 458273

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	208.30	209.00	211.05	207.45	0.244 times
15 Mon Apr 2024	210.10	207.20	211.00	206.55	0.582 times
12 Fri Apr 2024	211.05	210.00	215.35	210.00	0.711 times
10 Wed Apr 2024	211.15	208.65	213.00	206.95	0.84 times
09 Tue Apr 2024	208.15	213.00	214.00	207.20	1.377 times
08 Mon Apr 2024	212.65	216.00	216.00	211.05	0.571 times
05 Fri Apr 2024	211.90	212.50	213.60	209.60	0.469 times
04 Thu Apr 2024	212.50	213.95	214.95	210.15	0.473 times
03 Wed Apr 2024	213.30	216.00	216.50	212.25	0.827 times
02 Tue Apr 2024	215.70	198.20	217.45	198.20	3.632 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 211.7 as stoploss in an intra day sell trade for a target of 203.5. However, stock will show a bullish move above 211.7.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	199.00
Downside Target	206.55
Upside Target	213.45
Upside Target	215.15
Upside Target	216.00
Upside Target	217.45
Upside Target	227.60
Upside Target	236.95
Upside Target	246.00

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	206.22
Downside Intraday Target	204.13
Upside Intraday Target	210.72
Upside Intraday Target	213.13
Upside Intraday Target	208.63

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	208.30	207.20	211.05	206.55	0.236 times
12 Fri Apr 2024	211.05	216.00	216.00	206.95	0.591 times
05 Fri Apr 2024	211.90	194.55	217.45	193.95	2.079 times
28 Thu Mar 2024	193.10	196.20	199.00	191.55	1.363 times
22 Fri Mar 2024	196.40	197.65	200.60	192.45	0.771 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 Orient Electric (ORIENTELEC)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	208.30	194.55	217.45	193.95	0.796 times
28 Thu Mar 2024	193.10	208.70	213.45	191.55	0.439 times
29 Thu Feb 2024	208.70	210.10	227.60	189.00	1.243 times
31 Wed Jan 2024	209.05	228.10	236.95	207.85	0.686 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 Orient Electric (ORIENTELEC)

Price action analysis of Orient Electric ( (ORIENTELEC) ) 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 Orient Electric ( (ORIENTELEC) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Orient Electric ( (ORIENTELEC) ) 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 Orient Electric ( (ORIENTELEC) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Orient Electric stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Orient Electric in short term and the buy signal is strong.

Orient Electric Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Orient Electric 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 Orient Electric is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 212.66 and Orient Electric (ORIENTELEC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Orient Electric (ORIENTELEC) stock. Volume based technical analysis of Orient Electric (ORIENTELEC) stock is negative.

Orient Electric Stock is giving positive 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.