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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 2024-04-01 View latest technical analysis

10 day averaged volume of Orient Electric is 274360

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	198.55	194.55	199.40	193.95	0.867 times
28 Thu Mar 2024	193.10	195.00	196.20	192.15	0.802 times
27 Wed Mar 2024	193.35	194.70	199.00	191.55	2.942 times
26 Tue Mar 2024	194.75	196.20	196.95	194.00	1.012 times
22 Fri Mar 2024	196.40	197.00	199.45	194.90	0.535 times
21 Thu Mar 2024	197.40	195.90	198.90	195.90	0.457 times
20 Wed Mar 2024	195.05	193.85	195.80	192.90	0.78 times
19 Tue Mar 2024	194.05	194.20	195.65	192.45	0.582 times
18 Mon Mar 2024	194.30	197.65	200.60	193.00	1.135 times
15 Fri Mar 2024	198.15	197.35	202.95	197.30	0.875 times

My analysis of stock is bearish for shortterm, and stock might move down till 194.5 or till 187.2. Use a stoploss of 200.55 and if the stock hits stoploss, then it can shoot up till 206.62

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Upside Target	199.00
Upside Target	203.30
Upside Target	207.85
Upside Target	213.45
Upside Target	215.15
Upside Target	227.60
Upside Target	236.95
Upside Target	246.00

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	195.2
Downside Intraday Target	191.85
Upside Intraday Target	200.65
Upside Intraday Target	202.75
Downside Intraday Target	197.3

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	198.55	194.55	199.40	193.95	0.182 times
28 Thu Mar 2024	193.10	196.20	199.00	191.55	1.363 times
22 Fri Mar 2024	196.40	197.65	200.60	192.45	0.771 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

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
01 Mon Apr 2024	198.55	194.55	199.40	193.95	0.04 times
28 Thu Mar 2024	193.10	208.70	213.45	191.55	0.439 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 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 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

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 194.97 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 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 positive

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