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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 364608

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	217.90	217.15	223.00	216.15	1.772 times
22 Mon Apr 2024	217.10	209.00	220.00	208.65	2.945 times
19 Fri Apr 2024	208.10	209.95	210.30	206.00	0.36 times
18 Thu Apr 2024	210.30	209.50	213.45	208.05	0.671 times
16 Tue Apr 2024	208.30	209.00	211.05	207.45	0.306 times
15 Mon Apr 2024	210.10	207.20	211.00	206.55	0.731 times
12 Fri Apr 2024	211.05	210.00	215.35	210.00	0.894 times
10 Wed Apr 2024	211.15	208.65	213.00	206.95	1.055 times
09 Tue Apr 2024	208.15	213.00	214.00	207.20	1.731 times
08 Mon Apr 2024	212.65	216.00	216.00	211.05	0.717 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 215.1, but if it comes below 215.1, then a intra day sell could be more profitable.
If you take a sell trade below 215.1, then use 215.1 as stoploss and 207.09 as target. However if you take a buy trade in stock , then use 215.1 as stoploss and 224.7 as target.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	199.00
Downside Target	206.00
Downside Target	213.45
Downside Target	215.15
Downside Target	216.00
Downside Target	217.45
Upside Target	223.00
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	210.03
Downside Intraday Target	202.17
Upside Intraday Target	224.38
Upside Intraday Target	230.87
Downside Intraday Target	216.52

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	217.90	209.00	223.00	208.65	2.281 times
19 Fri Apr 2024	208.10	207.20	213.45	206.00	0.47 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

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

Monthly technical analysis of Orient Electric (ORIENTELEC)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	217.90	194.55	223.00	193.95	1.152 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 Orient Electric stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Orient Electric 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.

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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Orient Electric in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 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 213.11 and Orient Electric (ORIENTELEC) 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.