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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 2024-05-17 View latest technical analysis

10 day averaged volume of Orient Electric is 592830

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	228.20	215.25	229.75	215.25	1.825 times
16 Thu May 2024	214.70	216.85	217.40	213.35	0.216 times
15 Wed May 2024	215.75	214.00	216.90	212.00	0.324 times
14 Tue May 2024	211.65	210.80	213.20	208.65	0.36 times
13 Mon May 2024	209.55	209.40	211.95	205.95	0.584 times
10 Fri May 2024	208.75	210.05	216.40	208.05	0.977 times
09 Thu May 2024	214.70	230.00	233.00	212.50	3.128 times
08 Wed May 2024	229.75	223.00	231.25	220.70	1.02 times
07 Tue May 2024	221.95	227.65	228.45	220.65	0.489 times
06 Mon May 2024	227.65	231.15	233.60	224.80	0.863 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 225.2, but if it comes below 225.2, then a intra day sell could be more profitable.
If you take a sell trade below 225.2, then use 225.2 as stoploss and 218.63 as target. However if you take a buy trade in stock , then use 225.2 as stoploss and 233.1 as target.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	189.00
Downside Target	205.95
Downside Target	213.45
Downside Target	223.00
Downside Target	227.60
Upside Target	229.75
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	212.85
Downside Intraday Target	197.5
Upside Intraday Target	236.65
Upside Intraday Target	245.1
Downside Intraday Target	221.3

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	228.20	209.40	229.75	205.95	0.511 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
17 Fri May 2024	228.20	219.45	233.60	205.95	0.973 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 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 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 short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Orient Electric ( (ORIENTELEC) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 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 219.31 and Orient Electric (ORIENTELEC) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.