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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.

Showing technical analysis as on 2024-02-27 View latest technical analysis

10 day averaged volume of Orient Electric is 686077

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	213.55	209.50	214.50	206.85	0.841 times
26 Mon Feb 2024	209.35	212.00	212.10	206.55	0.313 times
23 Fri Feb 2024	210.75	207.25	212.55	206.45	0.626 times
22 Thu Feb 2024	207.20	203.05	208.00	201.95	0.463 times
21 Wed Feb 2024	204.10	209.50	209.50	203.00	0.32 times
20 Tue Feb 2024	208.55	209.40	211.30	206.85	0.459 times
19 Mon Feb 2024	209.50	205.00	210.20	204.10	0.992 times
16 Fri Feb 2024	203.90	190.25	205.65	190.25	2.846 times
15 Thu Feb 2024	190.25	193.70	195.45	189.50	1.07 times
14 Wed Feb 2024	192.80	190.00	195.70	189.00	0.952 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 217 as stoploss in an intra day sell trade for a target of 208.27. However, stock will show a bullish move above 217.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	201.95
Downside Target	206.55
Downside Target	212.20
Upside Target	215.15
Upside Target	222.45
Upside Target	227.60
Upside Target	229.80
Upside Target	229.90
Upside Target	236.95
Upside Target	246.00

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	208.57
Downside Intraday Target	203.58
Upside Intraday Target	216.52
Upside Intraday Target	219.48
Downside Intraday Target	211.53

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	213.55	212.00	214.50	206.55	0.404 times
23 Fri Feb 2024	210.75	205.00	212.55	201.95	0.375 times
16 Fri Feb 2024	203.90	210.05	212.20	189.00	1.726 times
09 Fri Feb 2024	210.00	224.00	227.60	208.00	0.705 times
02 Fri Feb 2024	220.25	210.30	222.45	207.85	1.449 times

Price has moved up 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
27 Tue Feb 2024	213.55	210.10	227.60	189.00	1.2 times
31 Wed Jan 2024	209.05	228.10	236.95	207.85	0.686 times
29 Fri Dec 2023	226.95	217.65	246.00	215.15	3.647 times
30 Thu Nov 2023	216.55	217.60	229.90	212.80	1 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 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 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 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 Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Orient Electric Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Orient Electric is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 203.7 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 negative.

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