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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 2024-03-01 View latest technical analysis

10 day averaged volume of Orient Electric is 516707

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	208.75	208.70	210.00	208.00	0.332 times
29 Thu Feb 2024	208.70	208.00	209.35	207.50	0.406 times
28 Wed Feb 2024	209.00	214.50	214.50	206.60	0.485 times
27 Tue Feb 2024	213.55	209.50	214.50	206.85	1.117 times
26 Mon Feb 2024	209.35	212.00	212.10	206.55	0.416 times
23 Fri Feb 2024	210.75	207.25	212.55	206.45	0.832 times
22 Thu Feb 2024	207.20	203.05	208.00	201.95	0.615 times
21 Wed Feb 2024	204.10	209.50	209.50	203.00	0.424 times
20 Tue Feb 2024	208.55	209.40	211.30	206.85	0.609 times
19 Mon Feb 2024	209.50	205.00	210.20	204.10	1.317 times

My analysis of stock is bullish for shortterm, and stock might move up till 215.2 or till 224.8. Use a stoploss of 207.25 and if this stock hits its stoploss, then it can fall down till 199.27

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	201.95
Downside Target	206.55
Upside Target	214.50
Upside Target	215.15
Upside Target	222.45
Upside Target	227.60
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	205.37
Downside Intraday Target	201.98
Upside Intraday Target	213.32
Upside Intraday Target	217.88
Upside Intraday Target	209.93

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	208.75	212.00	214.50	206.55	0.726 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 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
01 Fri Mar 2024	208.75	208.70	210.00	208.00	0.013 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
29 Fri Dec 2023	226.95	217.65	246.00	215.15	3.647 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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 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 red color and prices are below 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 209.56 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.