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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.

10 day averaged volume of Orient Electric is 655673

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Sep 2023	218.30	221.95	224.90	218.05	0.616 times
26 Tue Sep 2023	222.70	219.25	223.35	219.15	0.426 times
25 Mon Sep 2023	218.30	219.90	221.00	218.00	0.266 times
22 Fri Sep 2023	219.70	221.15	224.40	219.40	0.415 times
21 Thu Sep 2023	220.50	216.00	229.90	216.00	2.23 times
20 Wed Sep 2023	215.35	220.90	225.80	214.45	1.728 times
18 Mon Sep 2023	220.55	225.00	225.90	219.40	1.139 times
15 Fri Sep 2023	223.25	229.35	229.35	222.10	0.94 times
14 Thu Sep 2023	227.05	230.45	232.80	223.30	1.375 times
13 Wed Sep 2023	229.50	237.20	237.20	228.10	0.74 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 220.8, but if it comes above 220.8, then a intra day buy could be more profitable.
If you take a sell trade below 220.8, then use 220.8 as stoploss and 210.8 as target. However if you take a buy trade in stock , then use 220.8 as stoploss and 229.06 as target.

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	214.45
Upside Target	235.10
Upside Target	237.20
Upside Target	239.90
Upside Target	243.10
Upside Target	245.30
Upside Target	247.00
Upside Target	247.50
Upside Target	262.00

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	215.9
Downside Intraday Target	213.5
Upside Intraday Target	222.8
Upside Intraday Target	227.3
Upside Intraday Target	220.4

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Sep 2023	218.30	219.90	224.90	218.00	0.237 times
22 Fri Sep 2023	219.70	225.00	229.90	214.45	1.804 times
15 Fri Sep 2023	223.25	237.20	237.20	222.10	1.531 times
13 Wed Sep 2023	229.50	239.00	243.10	228.10	1.936 times
08 Fri Sep 2023	237.60	235.70	239.90	235.10	0.785 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 Wed Sep 2023	218.30	239.00	243.10	214.45	1.332 times
31 Thu Aug 2023	238.90	233.90	247.00	225.65	0.434 times
31 Mon Jul 2023	230.85	240.90	262.00	220.40	4.419 times
30 Fri Jun 2023	239.40	239.90	247.50	232.00	0.566 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 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 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 Weak 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 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 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 221.32 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.