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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 2024-03-02 View latest technical analysis

10 day averaged volume of Orient Electric is 338603

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	208.70	208.75	210.90	205.05	0.132 times
01 Fri Mar 2024	208.75	208.70	210.00	208.00	0.506 times
29 Thu Feb 2024	208.70	208.00	209.35	207.50	0.62 times
28 Wed Feb 2024	209.00	214.50	214.50	206.60	0.741 times
27 Tue Feb 2024	213.55	209.50	214.50	206.85	1.704 times
26 Mon Feb 2024	209.35	212.00	212.10	206.55	0.634 times
23 Fri Feb 2024	210.75	207.25	212.55	206.45	1.269 times
22 Thu Feb 2024	207.20	203.05	208.00	201.95	0.939 times
21 Wed Feb 2024	204.10	209.50	209.50	203.00	0.648 times
20 Tue Feb 2024	208.55	209.40	211.30	206.85	0.93 times

My analysis of stock is bullish for shortterm, and stock might move up till 214.3 or till 223.3. Use a stoploss of 206.74 and if this stock hits its stoploss, then it can fall down till 199.22

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	201.95
Upside Target	212.80
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	204.33
Downside Intraday Target	199.97
Upside Intraday Target	213.78
Upside Intraday Target	218.87
Upside Intraday Target	209.42

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	208.70	212.00	214.50	205.05	0.748 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
02 Sat Mar 2024	208.70	208.70	210.90	205.05	0.016 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 down 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 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 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 SELL. Signal strength is Weak and stock is losing 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 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 209.56 and Orient Electric (ORIENTELEC) 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 Orient Electric (ORIENTELEC) stock. Volume based technical analysis of Orient Electric (ORIENTELEC) stock is negative.

Orient Electric 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.