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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 2024-10-28 View latest technical analysis

10 day averaged volume of Orient Electric is 207607

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	252.28	215.99	252.28	215.99	11.369 times
25 Fri Oct 2024	210.24	213.10	214.69	204.70	1.735 times
24 Thu Oct 2024	213.78	217.00	219.83	212.00	1.582 times
23 Wed Oct 2024	218.27	218.36	220.84	215.60	0.665 times
22 Tue Oct 2024	218.36	225.20	227.01	217.39	0.553 times
21 Mon Oct 2024	225.68	230.75	232.87	224.00	0.779 times
18 Fri Oct 2024	230.61	233.25	234.85	223.20	1.596 times
17 Thu Oct 2024	233.17	235.45	236.25	232.03	0.51 times
16 Wed Oct 2024	235.44	238.65	241.35	233.90	0.803 times
15 Tue Oct 2024	238.65	235.21	241.70	233.57	1.181 times

Stock of Orient Electric (ORIENTELEC) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 254.4, for a target of 242.3 or 232.16

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	204.70
Downside Target	215.99
Downside Target	223.20
Downside Target	228.83
Downside Target	241.10
Downside Target	252.28
Upside Target	253.10
Upside Target	257.75
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	228.09
Downside Intraday Target	203.89
Upside Intraday Target	264.38
Upside Intraday Target	276.47
Downside Intraday Target	240.18

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	252.28	215.99	252.28	215.99	2.14 times
25 Fri Oct 2024	210.24	230.75	232.87	204.70	1.134 times
18 Fri Oct 2024	230.61	236.50	241.70	223.20	1.084 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Orient Electric (ORIENTELEC)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	252.28	241.00	252.28	204.70	1.18 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 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 BUY. 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 239.29 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 is giving positive 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.