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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 2024-06-03 View latest technical analysis

10 day averaged volume of Orient Electric is 691248

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	228.90	231.50	232.45	223.60	0.772 times
31 Fri May 2024	226.95	237.20	239.00	222.00	3.728 times
30 Thu May 2024	222.90	226.40	226.80	219.55	0.259 times
29 Wed May 2024	226.85	224.90	228.65	222.00	0.716 times
28 Tue May 2024	224.20	224.60	226.00	221.50	0.342 times
27 Mon May 2024	223.35	231.35	236.70	221.00	1.202 times
24 Fri May 2024	229.40	220.05	233.50	219.00	1.699 times
23 Thu May 2024	220.35	218.85	222.45	216.05	1.036 times
22 Wed May 2024	216.50	222.30	223.70	214.75	0.45 times
21 Tue May 2024	221.50	228.40	228.40	220.65	0.467 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 227.9, but if it comes below 227.9, then a intra day sell could be more profitable.
If you take a sell trade below 227.9, then use 227.9 as stoploss and 221.22 as target. However if you take a buy trade in stock , then use 227.9 as stoploss and 236 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	219.55
Downside Target	227.60
Upside Target	230.00
Upside Target	232.45
Upside Target	233.50
Upside Target	233.60
Upside Target	239.00

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	224.18
Downside Intraday Target	219.47
Upside Intraday Target	233.03
Upside Intraday Target	237.17
Downside Intraday Target	228.32

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	228.90	231.50	232.45	223.60	0.124 times
31 Fri May 2024	226.95	231.35	239.00	219.55	1.711 times
24 Fri May 2024	229.40	228.40	233.50	214.75	1.243 times
18 Sat May 2024	228.40	209.40	230.00	205.95	0.529 times
10 Fri May 2024	208.75	231.15	233.60	208.05	1.432 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
03 Mon Jun 2024	228.90	231.50	232.45	223.60	0.036 times
31 Fri May 2024	226.95	219.45	239.00	205.95	1.819 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

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 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 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 Strong and stock is gaining momentum.

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

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 SELL signal for Orient Electric in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 225.56 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 rising upwards.

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 is giving positive 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.