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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 2024-08-27 View latest technical analysis

10 day averaged volume of Orient Electric is 240785

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	260.25	266.00	266.90	259.10	1.528 times
26 Mon Aug 2024	265.90	270.10	272.05	263.40	1.52 times
23 Fri Aug 2024	270.90	272.90	276.65	268.35	0.87 times
22 Thu Aug 2024	271.80	275.20	278.75	269.10	0.759 times
21 Wed Aug 2024	272.70	270.15	279.25	269.05	2.092 times
20 Tue Aug 2024	269.20	267.60	271.15	263.20	0.599 times
19 Mon Aug 2024	267.45	270.15	273.20	266.50	0.482 times
16 Fri Aug 2024	269.90	264.25	278.80	264.25	1.503 times
14 Wed Aug 2024	264.25	264.10	264.95	258.00	0.528 times
13 Tue Aug 2024	264.70	274.20	274.25	262.10	0.515 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 261.6, but if it comes above 261.6, then a intra day buy could be more profitable.
If you take a sell trade below 261.6, then use 261.6 as stoploss and 251.3 as target. However if you take a buy trade in stock , then use 261.6 as stoploss and 270.15 as target.

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	272.05
Upside Target	278.80
Upside Target	279.25
Upside Target	281.20
Upside Target	284.00
Upside Target	292.30
Upside Target	297.10

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	255.55
Downside Intraday Target	250.85
Upside Intraday Target	268.5
Upside Intraday Target	276.75
Upside Intraday Target	263.8

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	260.25	270.10	272.05	259.10	0.635 times
23 Fri Aug 2024	270.90	270.15	279.25	263.20	1.306 times
16 Fri Aug 2024	269.90	267.95	278.80	258.00	0.341 times
09 Fri Aug 2024	270.80	268.80	284.00	253.10	0.695 times
02 Fri Aug 2024	274.30	277.35	297.10	272.30	1.825 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
27 Tue Aug 2024	260.25	291.00	292.30	253.10	0.631 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 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 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 Weak and stock is losing momentum.

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

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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Orient Electric in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying 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 267.98 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.