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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 2024-05-09 View latest technical analysis

10 day averaged volume of Orient Electric is 493047

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	214.70	230.00	233.00	212.50	3.761 times
08 Wed May 2024	229.75	223.00	231.25	220.70	1.227 times
07 Tue May 2024	221.95	227.65	228.45	220.65	0.588 times
06 Mon May 2024	227.65	231.15	233.60	224.80	1.037 times
03 Fri May 2024	229.50	226.40	232.00	220.00	2.451 times
02 Thu May 2024	226.00	219.45	228.65	218.05	1.902 times
30 Tue Apr 2024	218.45	219.45	222.80	217.40	0.526 times
29 Mon Apr 2024	219.35	219.40	220.50	218.45	0.557 times
26 Fri Apr 2024	217.75	219.00	220.95	216.10	0.567 times
25 Thu Apr 2024	217.30	218.00	221.00	215.50	0.612 times

Stock of Orient Electric (ORIENTELEC) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 210.3 or till 202. Use a stoploss of 217.15 and if the stock hits stoploss, then it can shoot up till 224.04

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	206.00
Upside Target	216.00
Upside Target	217.40
Upside Target	223.00
Upside Target	227.60
Upside Target	232.00
Upside Target	233.60
Upside Target	236.95

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	206.93
Downside Intraday Target	199.17
Upside Intraday Target	228.03
Upside Intraday Target	241.37
Upside Intraday Target	220.27

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	214.70	231.15	233.60	212.50	1.216 times
03 Fri May 2024	229.50	219.40	232.00	217.40	1.046 times
26 Fri Apr 2024	217.75	209.00	223.00	208.65	3.399 times
19 Fri Apr 2024	208.10	207.20	213.45	206.00	0.47 times
12 Fri Apr 2024	211.05	216.00	216.00	206.95	0.591 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
09 Thu May 2024	214.70	219.45	233.60	212.50	0.662 times
30 Tue Apr 2024	218.45	194.55	223.00	193.95	1.385 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

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 neutral. A longer time frame might give a better analysis.

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 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 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.

ADX buy sell signal for Orient Electric stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

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 green color and prices are in or below the green 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 222.4 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 positive

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