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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 2024-04-02 View latest technical analysis

10 day averaged volume of Orient Electric is 273977

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	215.70	198.20	217.45	198.20	6.075 times
01 Mon Apr 2024	198.55	194.55	199.40	193.95	0.868 times
28 Thu Mar 2024	193.10	195.00	196.20	192.15	0.803 times
27 Wed Mar 2024	193.35	194.70	199.00	191.55	2.946 times
26 Tue Mar 2024	194.75	196.20	196.95	194.00	1.013 times
22 Fri Mar 2024	196.40	197.00	199.45	194.90	0.536 times
21 Thu Mar 2024	197.40	195.90	198.90	195.90	0.458 times
20 Wed Mar 2024	195.05	193.85	195.80	192.90	0.781 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	1.137 times

Stock of Orient Electric (ORIENTELEC) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 215.6, for a target of 207.6 or 200.9

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	199.00
Downside Target	207.85
Downside Target	213.45
Downside Target	215.15
Upside Target	217.45
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	200.62
Downside Intraday Target	185.53
Upside Intraday Target	224.12
Upside Intraday Target	232.53
Downside Intraday Target	209.03

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	215.70	194.55	217.45	193.95	1.458 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
02 Tue Apr 2024	215.70	194.55	217.45	193.95	0.323 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 to mid 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 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 Strong 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 203.07 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 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 positive

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