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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 2024-04-12 View latest technical analysis

10 day averaged volume of Orient Electric is 501728

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	211.05	210.00	215.35	210.00	0.65 times
10 Wed Apr 2024	211.15	208.65	213.00	206.95	0.767 times
09 Tue Apr 2024	208.15	213.00	214.00	207.20	1.258 times
08 Mon Apr 2024	212.65	216.00	216.00	211.05	0.521 times
05 Fri Apr 2024	211.90	212.50	213.60	209.60	0.429 times
04 Thu Apr 2024	212.50	213.95	214.95	210.15	0.432 times
03 Wed Apr 2024	213.30	216.00	216.50	212.25	0.756 times
02 Tue Apr 2024	215.70	198.20	217.45	198.20	3.317 times
01 Mon Apr 2024	198.55	194.55	199.40	193.95	0.474 times
28 Thu Mar 2024	193.10	195.00	196.20	192.15	0.438 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 210.6, but if it comes below 210.6, then a intra day sell could be more profitable.
If you take a sell trade below 210.6, then use 210.6 as stoploss and 202.38 as target. However if you take a buy trade in stock , then use 210.6 as stoploss and 220.4 as target.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	199.00
Downside Target	206.95
Upside Target	213.45
Upside Target	215.15
Upside Target	216.00
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	206.67
Downside Intraday Target	202.28
Upside Intraday Target	215.72
Upside Intraday Target	220.38
Upside Intraday Target	211.33

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	211.05	216.00	216.00	206.95	0.591 times
05 Fri Apr 2024	211.90	194.55	217.45	193.95	2.079 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

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
12 Fri Apr 2024	211.05	194.55	217.45	193.95	0.732 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 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 neutral. A longer time frame might give a better analysis.

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

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 and the buy signal is strong.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 211.23 and Orient Electric (ORIENTELEC) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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