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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 2024-05-14 View latest technical analysis

10 day averaged volume of Orient Electric is 686708

Date	Daily Closing Price	Open	High	Low	Volume
14 Tue May 2024	211.65	210.80	213.20	208.65	0.311 times
13 Mon May 2024	209.55	209.40	211.95	205.95	0.504 times
10 Fri May 2024	208.75	210.05	216.40	208.05	0.843 times
09 Thu May 2024	214.70	230.00	233.00	212.50	2.701 times
08 Wed May 2024	229.75	223.00	231.25	220.70	0.881 times
07 Tue May 2024	221.95	227.65	228.45	220.65	0.422 times
06 Mon May 2024	227.65	231.15	233.60	224.80	0.745 times
03 Fri May 2024	229.50	226.40	232.00	220.00	1.76 times
02 Thu May 2024	226.00	219.45	228.65	218.05	1.366 times
30 Tue Apr 2024	218.45	219.45	222.80	217.40	0.378 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 210.2 as stoploss in an intra day buy trade for a target of 217.13. However, stock will show a bearish move below 210.2.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	205.95
Upside Target	213.20
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	207.33
Downside Intraday Target	203.02
Upside Intraday Target	214.58
Upside Intraday Target	217.52
Downside Intraday Target	210.27

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Tue May 2024	211.65	209.40	213.20	205.95	0.146 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
14 Tue May 2024	211.65	219.45	233.60	205.95	0.801 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 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 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 losing 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 weakening, and bulls are picking up momentum!

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 buy signal for Orient Electric in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 220.78 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.