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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 2024-08-07 View latest technical analysis

10 day averaged volume of Orient Electric is 598308

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	260.90	257.95	261.90	255.00	0.388 times
06 Tue Aug 2024	255.00	259.25	265.55	253.10	0.366 times
05 Mon Aug 2024	259.50	268.80	268.80	257.20	1.02 times
02 Fri Aug 2024	274.30	280.65	280.95	272.30	0.935 times
01 Thu Aug 2024	285.00	291.00	292.30	276.85	1.552 times
31 Wed Jul 2024	290.90	283.00	297.10	279.05	1.92 times
30 Tue Jul 2024	282.05	275.80	283.35	275.50	0.84 times
29 Mon Jul 2024	275.80	277.35	283.15	274.10	1.004 times
26 Fri Jul 2024	273.65	272.00	275.50	270.85	0.986 times
25 Thu Jul 2024	271.90	273.40	276.90	269.05	0.731 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 260.8 as stoploss in an intra day buy trade for a target of 269.73. However, stock will show a bearish move below 260.8.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	193.95
Downside Target	205.95
Downside Target	216.40
Downside Target	223.00
Downside Target	239.00
Downside Target	253.10
Upside Target	268.80
Upside Target	278.70
Upside Target	281.20
Upside Target	292.30
Upside Target	297.10

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	253.07
Downside Intraday Target	245.23
Upside Intraday Target	268.77
Upside Intraday Target	276.63
Upside Intraday Target	260.93

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	260.90	268.80	268.80	253.10	0.284 times
02 Fri Aug 2024	274.30	277.35	297.10	272.30	1.825 times
26 Fri Jul 2024	273.65	266.20	278.70	257.75	1.016 times
19 Fri Jul 2024	268.70	267.90	271.55	259.90	1.04 times
12 Fri Jul 2024	265.15	272.25	278.70	258.25	0.74 times

Price has moved down 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 Wed Aug 2024	260.90	291.00	292.30	253.10	0.234 times
31 Wed Jul 2024	290.90	270.25	297.10	257.75	0.667 times
28 Fri Jun 2024	270.28	231.50	281.20	216.40	1.097 times
31 Fri May 2024	226.95	219.45	239.00	205.95	1.819 times

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Orient Electric ( (ORIENTELEC) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Orient Electric in short term but the sell signal is initial and weak.

Orient Electric Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Orient Electric in short term but BUY signal is weak.

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 277.04 and Orient Electric (ORIENTELEC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.