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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 2024-12-31 View latest technical analysis

10 day averaged volume of Orient Electric is 234711

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	232.93	238.07	241.41	231.02	1.314 times
30 Mon Dec 2024	238.07	245.99	246.99	236.90	0.547 times
27 Fri Dec 2024	245.37	251.70	251.70	244.17	0.442 times
26 Thu Dec 2024	251.57	260.00	262.08	247.23	1.51 times
24 Tue Dec 2024	257.72	245.50	261.59	242.29	2.168 times
23 Mon Dec 2024	244.34	245.80	249.14	240.22	0.613 times
20 Fri Dec 2024	242.20	251.21	257.00	238.60	1.495 times
19 Thu Dec 2024	250.19	241.15	252.00	239.00	0.914 times
18 Wed Dec 2024	245.10	242.10	249.80	238.55	0.543 times
17 Tue Dec 2024	242.69	250.31	250.31	241.75	0.667 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 230.4, for a target of 237.8 or 243.93

Share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Target	204.70
Downside Target	221.61
Downside Target	228.00
Upside Target	253.00
Upside Target	253.10
Upside Target	257.00
Upside Target	262.08
Upside Target	265.00
Upside Target	270.00
Upside Target	292.30

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type	Value
Downside Intraday Target	226.97
Downside Intraday Target	221.01
Upside Intraday Target	242.94
Upside Intraday Target	252.95
Upside Intraday Target	236.98

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	232.93	245.99	246.99	231.02	0.393 times
27 Fri Dec 2024	245.37	245.80	262.08	240.22	1.003 times
20 Fri Dec 2024	242.20	241.44	257.00	238.55	0.869 times
13 Fri Dec 2024	239.48	241.90	253.00	236.50	1.771 times
06 Fri Dec 2024	241.28	234.47	243.50	228.00	0.648 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
31 Tue Dec 2024	232.93	234.47	262.08	228.00	1.508 times
29 Fri Nov 2024	234.47	247.00	251.50	221.61	0.292 times
31 Thu Oct 2024	247.45	241.00	265.00	204.70	2.125 times
30 Mon Sep 2024	240.40	268.95	270.00	235.50	0.589 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Orient Electric ( (ORIENTELEC) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Orient Electric ( (ORIENTELEC) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 BUY signal in short term but buying 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 246.63 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.