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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 2024-10-01 View latest technical analysis

10 day averaged volume of Orient Electric is 244386

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	241.46	241.00	244.70	240.15	0.604 times
30 Mon Sep 2024	240.40	239.50	241.95	235.50	0.577 times
27 Fri Sep 2024	239.20	242.50	244.20	235.80	0.937 times
26 Thu Sep 2024	241.85	245.10	246.20	241.00	0.434 times
25 Wed Sep 2024	244.85	249.75	249.75	239.00	2.33 times
24 Tue Sep 2024	247.30	253.95	253.95	245.25	0.75 times
23 Mon Sep 2024	253.45	250.40	254.50	248.15	1.208 times
20 Fri Sep 2024	247.90	250.95	252.70	246.95	0.523 times
19 Thu Sep 2024	250.95	250.60	254.30	242.00	1.532 times
18 Wed Sep 2024	249.30	251.55	255.55	246.55	0.777 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 244.2, but if it comes above 244.2, then a intra day buy could be more profitable.
If you take a sell trade below 244.2, then use 244.2 as stoploss and 234.4 as target. However if you take a buy trade in stock , then use 244.2 as stoploss and 252.36 as target.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	216.40
Downside Target	235.50
Upside Target	252.25
Upside Target	258.35
Upside Target	259.00
Upside Target	269.80
Upside Target	270.00
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	236.41
Downside Intraday Target	231.35
Upside Intraday Target	245.61
Upside Intraday Target	249.75
Downside Intraday Target	240.55

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	241.46	239.50	244.70	235.50	0.209 times
27 Fri Sep 2024	239.20	250.40	254.50	235.80	1.253 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

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
01 Tue Oct 2024	241.46	241.00	244.70	240.15	0.03 times
30 Mon Sep 2024	240.40	268.95	270.00	235.50	0.589 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

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 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.

Orient Electric Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 246.44 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.