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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 2024-06-06 View latest technical analysis

10 day averaged volume of Orient Electric is 882402

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	233.05	234.25	238.10	231.55	0.579 times
05 Wed Jun 2024	232.30	223.00	242.30	217.20	1.659 times
04 Tue Jun 2024	223.45	227.15	227.25	216.40	0.7 times
03 Mon Jun 2024	228.90	231.50	232.45	223.60	0.605 times
31 Fri May 2024	226.95	237.20	239.00	222.00	2.92 times
30 Thu May 2024	222.90	226.40	226.80	219.55	0.203 times
29 Wed May 2024	226.85	224.90	228.65	222.00	0.561 times
28 Tue May 2024	224.20	224.60	226.00	221.50	0.268 times
27 Mon May 2024	223.35	231.35	236.70	221.00	0.942 times
24 Fri May 2024	229.40	220.05	233.50	219.00	1.331 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 229.5, but if it comes below 229.5, then a intra day sell could be more profitable.
If you take a sell trade below 229.5, then use 229.5 as stoploss and 222.34 as target. However if you take a buy trade in stock , then use 229.5 as stoploss and 238.1 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	227.60
Downside Target	230.00
Upside Target	233.50
Upside Target	233.60
Upside Target	239.00
Upside Target	242.30

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	218.87
Downside Intraday Target	204.68
Upside Intraday Target	244.77
Upside Intraday Target	256.48
Downside Intraday Target	230.58

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	233.05	231.50	242.30	216.40	0.724 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
06 Thu Jun 2024	233.05	231.50	242.30	216.40	0.21 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 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 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 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 losing 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. Bulls are getting stronger in this stock.

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 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 227.91 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.