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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)

10 day averaged volume of Orient Electric is 580144

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 228.20 215.25 229.75 215.25 1.865 times
16 Thu May 2024 214.70 216.85 217.40 213.35 0.221 times
15 Wed May 2024 215.75 214.00 216.90 212.00 0.331 times
14 Tue May 2024 211.65 210.80 213.20 208.65 0.368 times
13 Mon May 2024 209.55 209.40 211.95 205.95 0.597 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 225.2, but if it comes below 225.2, then a intra day sell could be more profitable.
If you take a sell trade below 225.2, then use 225.2 as stoploss and 218.63 as target. However if you take a buy trade in stock , then use 225.2 as stoploss and 233.1 as target.

Share price targets for Orient Electric (ORIENTELEC)

Target Type Value
Downside Target 189.00
Downside Target 205.95
Downside Target 213.45
Downside Target 223.00
Downside Target 227.60
Upside Target 229.75
Upside Target 232.00
Upside Target 233.60
Upside Target 236.95

Intraday share price targets for Orient Electric (ORIENTELEC)

Target Type Value
Downside Intraday Target 212.85
Downside Intraday Target 197.5
Upside Intraday Target 236.65
Upside Intraday Target 245.1
Downside Intraday Target 221.3

Weekly technical analysis of Orient Electric (ORIENTELEC)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 228.20 209.40 229.75 205.95 0.511 times
10 Fri May 2024 208.75 231.15 233.60 208.05 1.432 times
03 Fri May 2024 229.50 219.40 232.00 217.40 1.046 times
26 Fri Apr 2024 217.75 209.00 223.00 208.65 3.399 times
19 Fri Apr 2024 208.10 207.20 213.45 206.00 0.47 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
17 Fri May 2024 228.20 219.45 233.60 205.95 0.973 times
30 Tue Apr 2024 218.45 194.55 223.00 193.95 1.385 times
28 Thu Mar 2024 193.10 208.70 213.45 191.55 0.439 times
29 Thu Feb 2024 208.70 210.10 227.60 189.00 1.243 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 32, 15, 36 Buy
MACD 4, 4Sell
Stochastics 49None
CCI 62Buy
RSI 57Buy
OBV 3309876Sell
VWAP 219Buy
ADL 0Sell
ROC -1Sell
Force Index 0Sell

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 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 mid to longer 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.

ADX buy sell signal for Orient Electric stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Orient Electric in short term but the sell 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 219.31 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 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.

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