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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 2024-06-20 View latest technical analysis

10 day averaged volume of Orient Electric is 834601

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	250.37	248.00	255.25	245.14	0.876 times
19 Wed Jun 2024	248.00	248.28	252.86	241.72	0.831 times
18 Tue Jun 2024	247.18	246.90	249.85	245.00	0.654 times
14 Fri Jun 2024	245.31	244.81	247.40	242.44	0.572 times
13 Thu Jun 2024	244.81	242.20	246.00	238.90	0.517 times
12 Wed Jun 2024	242.20	242.00	244.59	237.31	0.605 times
11 Tue Jun 2024	240.91	244.00	247.50	239.92	1.359 times
10 Mon Jun 2024	242.17	237.91	243.00	235.00	0.819 times
07 Fri Jun 2024	238.15	233.05	243.20	232.30	2.277 times
06 Thu Jun 2024	233.05	234.25	238.10	231.55	0.613 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 244.2, but if it comes below 244.2, then a intra day sell could be more profitable.
If you take a sell trade below 244.2, then use 244.2 as stoploss and 234.54 as target. However if you take a buy trade in stock , then use 244.2 as stoploss and 255.7 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	233.50
Downside Target	239.00
Downside Target	241.72
Downside Target	243.20
Downside Target	247.50
Upside Target	255.25

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	242.98
Downside Intraday Target	235.58
Upside Intraday Target	256.51
Upside Intraday Target	262.64
Downside Intraday Target	249.11

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	250.37	246.90	255.25	241.72	0.61 times
14 Fri Jun 2024	245.31	237.91	247.50	235.00	0.643 times
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

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
20 Thu Jun 2024	250.37	231.50	255.25	216.40	0.688 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 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 242.39 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.