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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 2024-05-13 View latest technical analysis

10 day averaged volume of Orient Electric is 680041

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon May 2024	209.55	209.40	211.95	205.95	0.509 times
10 Fri May 2024	208.75	210.05	216.40	208.05	0.851 times
09 Thu May 2024	214.70	230.00	233.00	212.50	2.727 times
08 Wed May 2024	229.75	223.00	231.25	220.70	0.889 times
07 Tue May 2024	221.95	227.65	228.45	220.65	0.427 times
06 Mon May 2024	227.65	231.15	233.60	224.80	0.752 times
03 Fri May 2024	229.50	226.40	232.00	220.00	1.777 times
02 Thu May 2024	226.00	219.45	228.65	218.05	1.379 times
30 Tue Apr 2024	218.45	219.45	222.80	217.40	0.382 times
29 Mon Apr 2024	219.35	219.40	220.50	218.45	0.404 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 210.2, but if it comes above 210.2, then a intra day buy could be more profitable.
If you take a sell trade below 210.2, then use 210.2 as stoploss and 201.9 as target. However if you take a buy trade in stock , then use 210.2 as stoploss and 217.1 as target.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	205.95
Upside Target	213.45
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	206.35
Downside Intraday Target	203.15
Upside Intraday Target	212.35
Upside Intraday Target	215.15
Downside Intraday Target	209.15

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon May 2024	209.55	209.40	211.95	205.95	0.09 times
10 Fri May 2024	208.75	231.15	233.60	208.05	1.432 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

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
13 Mon May 2024	209.55	219.45	233.60	205.95	0.775 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

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

Orient Electric Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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 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 221.01 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.