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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 2024-10-15 View latest technical analysis

10 day averaged volume of Orient Electric is 168541

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	238.65	235.21	241.70	233.57	1.455 times
14 Mon Oct 2024	235.21	236.50	238.09	231.50	0.735 times
11 Fri Oct 2024	236.46	233.11	238.69	231.81	0.444 times
10 Thu Oct 2024	233.11	236.13	237.25	231.16	1.041 times
09 Wed Oct 2024	236.13	231.15	237.50	231.15	0.579 times
08 Tue Oct 2024	231.11	233.00	235.88	229.05	1.658 times
07 Mon Oct 2024	232.28	240.20	241.10	228.83	1.607 times
04 Fri Oct 2024	240.11	239.10	241.68	234.27	0.668 times
03 Thu Oct 2024	240.51	241.49	243.85	233.00	1.555 times
01 Tue Oct 2024	241.46	241.00	244.70	240.15	0.876 times

My analysis of stock is bearish for shortterm, and stock might move down till 235.1 or till 227.2. Use a stoploss of 241.59 and if the stock hits stoploss, then it can shoot up till 248.13

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	216.40
Downside Target	228.83
Upside Target	241.10
Upside Target	253.10
Upside Target	254.50
Upside Target	257.75
Upside Target	259.00
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	232.87
Downside Intraday Target	227.08
Upside Intraday Target	243.07
Upside Intraday Target	247.48
Downside Intraday Target	237.28

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	238.65	236.50	241.70	231.50	0.411 times
11 Fri Oct 2024	236.46	240.20	241.10	228.83	1.354 times
04 Fri Oct 2024	240.11	239.50	244.70	233.00	0.48 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

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
15 Tue Oct 2024	238.65	241.00	244.70	228.83	0.361 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 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 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 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 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 BUY signal for Orient Electric in short term but the buy signal is initial and weak.

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. Bulls are getting stronger in this stock.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 236.09 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 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.