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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 2024-03-18 View latest technical analysis

10 day averaged volume of Orient Electric is 346172

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	194.30	197.65	200.60	193.00	0.9 times
15 Fri Mar 2024	198.15	197.35	202.95	197.30	0.693 times
14 Thu Mar 2024	200.35	194.50	201.20	192.65	0.698 times
13 Wed Mar 2024	195.70	204.05	204.90	195.10	1.154 times
12 Tue Mar 2024	204.05	207.00	207.35	203.10	0.583 times
11 Mon Mar 2024	206.00	206.00	207.85	205.20	0.458 times
07 Thu Mar 2024	205.20	206.70	207.90	203.30	0.959 times
06 Wed Mar 2024	207.00	211.80	212.45	204.10	1.165 times
05 Tue Mar 2024	211.55	208.30	213.45	208.10	3.69 times
04 Mon Mar 2024	208.60	210.00	211.00	208.35	0.47 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 194.8, for a target of 200.9 or 205.98

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Upside Target	200.60
Upside Target	212.55
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	191.33
Downside Intraday Target	188.37
Upside Intraday Target	198.93
Upside Intraday Target	203.57
Upside Intraday Target	195.97

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	194.30	197.65	200.60	193.00	0.251 times
15 Fri Mar 2024	198.15	206.00	207.85	192.65	0.571 times
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

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
18 Mon Mar 2024	194.30	208.70	213.45	192.65	0.294 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Orient Electric in short term and the sell signal is strong.

Orient Electric Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 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 204.99 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.