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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 2024-06-07 View latest technical analysis

10 day averaged volume of Orient Electric is 861926

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	238.15	233.05	243.20	232.30	2.205 times
06 Thu Jun 2024	233.05	234.25	238.10	231.55	0.593 times
05 Wed Jun 2024	232.30	223.00	242.30	217.20	1.698 times
04 Tue Jun 2024	223.45	227.15	227.25	216.40	0.717 times
03 Mon Jun 2024	228.90	231.50	232.45	223.60	0.62 times
31 Fri May 2024	226.95	237.20	239.00	222.00	2.99 times
30 Thu May 2024	222.90	226.40	226.80	219.55	0.208 times
29 Wed May 2024	226.85	224.90	228.65	222.00	0.575 times
28 Tue May 2024	224.20	224.60	226.00	221.50	0.274 times
27 Mon May 2024	223.35	231.35	236.70	221.00	0.964 times

Stock of Orient Electric (ORIENTELEC) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 239.8, for a target of 231.1 or 223.81

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
Downside Target	233.50
Downside Target	233.60
Upside Target	239.00
Upside Target	243.20

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	221.97
Downside Intraday Target	205.78
Upside Intraday Target	248.77
Upside Intraday Target	259.38
Downside Intraday Target	232.58

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	238.15	231.50	243.20	216.40	1.164 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
07 Fri Jun 2024	238.15	231.50	243.20	216.40	0.338 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 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 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. 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 but selling is losing 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 229.81 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.