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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 2024-06-24 View latest technical analysis

10 day averaged volume of Orient Electric is 779543

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	256.96	250.00	262.00	247.81	1.274 times
21 Fri Jun 2024	250.92	251.00	255.00	246.15	0.889 times
20 Thu Jun 2024	250.37	248.00	255.25	245.14	0.938 times
19 Wed Jun 2024	248.00	248.28	252.86	241.72	0.89 times
18 Tue Jun 2024	247.18	246.90	249.85	245.00	0.7 times
14 Fri Jun 2024	245.31	244.81	247.40	242.44	0.613 times
13 Thu Jun 2024	244.81	242.20	246.00	238.90	0.553 times
12 Wed Jun 2024	242.20	242.00	244.59	237.31	0.647 times
11 Tue Jun 2024	240.91	244.00	247.50	239.92	1.455 times
10 Mon Jun 2024	242.17	237.91	243.00	235.00	0.876 times

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 260.7, for a target of 248 or 237.45

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	235.00
Downside Target	241.72
Downside Target	243.20
Downside Target	247.50
Downside Target	247.81
Downside Target	255.25
Upside Target	262.00

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	249.18
Downside Intraday Target	241.4
Upside Intraday Target	263.37
Upside Intraday Target	269.78
Downside Intraday Target	255.59

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	256.96	250.00	262.00	247.81	0.373 times
21 Fri Jun 2024	250.92	246.90	255.25	241.72	0.824 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

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
24 Mon Jun 2024	256.96	231.50	262.00	216.40	0.802 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Orient Electric is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 247.22 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.