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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 2024-05-16 View latest technical analysis

10 day averaged volume of Orient Electric is 673808

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	214.70	216.85	217.40	213.35	0.19 times
15 Wed May 2024	215.75	214.00	216.90	212.00	0.285 times
14 Tue May 2024	211.65	210.80	213.20	208.65	0.317 times
13 Mon May 2024	209.55	209.40	211.95	205.95	0.514 times
10 Fri May 2024	208.75	210.05	216.40	208.05	0.859 times
09 Thu May 2024	214.70	230.00	233.00	212.50	2.752 times
08 Wed May 2024	229.75	223.00	231.25	220.70	0.898 times
07 Tue May 2024	221.95	227.65	228.45	220.65	0.43 times
06 Mon May 2024	227.65	231.15	233.60	224.80	0.759 times
03 Fri May 2024	229.50	226.40	232.00	220.00	1.794 times

My analysis of stock is bearish for shortterm, and stock might move down till 211.3 or till 203.6. Use a stoploss of 217.73 and if the stock hits stoploss, then it can shoot up till 224.16

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	205.95
Downside 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	207.97
Downside Intraday Target	201.23
Upside Intraday Target	219.42
Upside Intraday Target	224.13
Downside Intraday Target	212.68

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	214.70	209.40	217.40	205.95	0.229 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
16 Thu May 2024	214.70	219.45	233.60	205.95	0.841 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 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 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 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 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 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 coming down

CCI has generated a buy signal for Orient Electric in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 219.77 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.