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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 2024-09-23 View latest technical analysis

10 day averaged volume of Orient Electric is 244808

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	253.45	250.40	254.50	248.15	1.206 times
20 Fri Sep 2024	247.90	250.95	252.70	246.95	0.522 times
19 Thu Sep 2024	250.95	250.60	254.30	242.00	1.529 times
18 Wed Sep 2024	249.30	251.55	255.55	246.55	0.776 times
17 Tue Sep 2024	251.55	254.00	254.65	250.20	0.93 times
16 Mon Sep 2024	253.55	256.45	259.00	252.05	0.753 times
13 Fri Sep 2024	255.60	255.60	257.00	252.35	1.374 times
12 Thu Sep 2024	254.30	261.00	262.25	253.10	1.085 times
11 Wed Sep 2024	260.90	267.30	267.95	259.15	0.436 times
10 Tue Sep 2024	265.90	267.10	269.80	264.95	1.008 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 252.7 as stoploss in an intra day buy trade for a target of 259.36. However, stock will show a bearish move below 252.7.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	205.95
Downside Target	216.40
Downside Target	239.00
Downside Target	248.15
Upside Target	259.10
Upside Target	269.80
Upside Target	270.00
Upside Target	275.00
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	249.57
Downside Intraday Target	245.68
Upside Intraday Target	255.92
Upside Intraday Target	258.38
Downside Intraday Target	252.03

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	253.45	250.40	254.50	248.15	0.267 times
20 Fri Sep 2024	247.90	256.45	259.00	242.00	0.822 times
13 Fri Sep 2024	255.60	259.85	269.80	252.25	1.356 times
06 Fri Sep 2024	260.75	268.95	270.00	258.35	0.431 times
30 Fri Aug 2024	268.30	270.10	275.00	259.10	1.99 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
23 Mon Sep 2024	253.45	268.95	270.00	242.00	0.443 times
30 Fri Aug 2024	268.30	291.00	292.30	253.10	0.775 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 mid to longer 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.

ADX buy sell signal for Orient Electric stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Orient Electric in short term and the sell 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 254.29 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.