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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 2024-03-07 View latest technical analysis

10 day averaged volume of Orient Electric is 374171

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	205.20	206.70	207.90	203.30	0.887 times
06 Wed Mar 2024	207.00	211.80	212.45	204.10	1.078 times
05 Tue Mar 2024	211.55	208.30	213.45	208.10	3.414 times
04 Mon Mar 2024	208.60	210.00	211.00	208.35	0.434 times
02 Sat Mar 2024	208.70	208.75	210.90	205.05	0.12 times
01 Fri Mar 2024	208.75	208.70	210.00	208.00	0.458 times
29 Thu Feb 2024	208.70	208.00	209.35	207.50	0.561 times
28 Wed Feb 2024	209.00	214.50	214.50	206.60	0.67 times
27 Tue Feb 2024	213.55	209.50	214.50	206.85	1.542 times
26 Mon Feb 2024	209.35	212.00	212.10	206.55	0.574 times

My analysis of stock is bearish for shortterm, and stock might move down till 199 or till 191.1. Use a stoploss of 205.52 and if the stock hits stoploss, then it can shoot up till 212.07

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	201.95
Upside Target	212.20
Upside Target	213.45
Upside Target	214.50
Upside Target	215.15
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	201.18
Downside Intraday Target	197.17
Upside Intraday Target	211.33
Upside Intraday Target	217.47
Upside Intraday Target	207.32

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	205.20	210.00	213.45	203.30	1.481 times
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

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
07 Thu Mar 2024	205.20	208.70	213.45	203.30	0.178 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 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 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 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 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 gaining momentum.

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

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. Bears 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 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 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 210.02 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.