Stock analysis Orient Electric Limited ORIENTELEC
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Recent prices of ORIENTELEC Orient Electric Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 08 Wed May 2024 | 229.75 | 220.70 to 231.25 | 3.51% | 1.22 times |
| 07 Tue May 2024 | 221.95 | 220.65 to 228.45 | -2.5% | 0.58 times |
| 06 Mon May 2024 | 227.65 | 224.80 to 233.60 | -0.81% | 1.03 times |
| 03 Fri May 2024 | 229.50 | 220.00 to 232.00 | 1.55% | 2.43 times |
| 02 Thu May 2024 | 226.00 | 218.05 to 228.65 | 3.46% | 1.89 times |
| 30 Tue Apr 2024 | 218.45 | 217.40 to 222.80 | -0.41% | 0.52 times |
| 29 Mon Apr 2024 | 219.35 | 218.45 to 220.50 | 0.73% | 0.55 times |
| 26 Fri Apr 2024 | 217.75 | 216.10 to 220.95 | 0.21% | 0.56 times |
| 25 Thu Apr 2024 | 217.30 | 215.50 to 221.00 | -0.5% | 0.61 times |
| 24 Wed Apr 2024 | 218.40 | 217.90 to 220.60 | 0.23% | 0.53 times |
| 23 Tue Apr 2024 | 217.90 | 216.15 to 223.00 | 0.37% | 1.3 times |
| 22 Mon Apr 2024 | 217.10 | 208.65 to 220.00 | 4.32% | 2.16 times |
Technical analysis forecast of Orient Electric Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Orient Electric Limited ORIENTELEC at this time. Stock is rising and might rise more.
It appears as if Orient Electric Limited ORIENTELEC gave a large move recently.
Stock of Orient Electric Limited (ORIENTELEC) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!
My analysis of Orient Electric Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Orient Electric Limited 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 218.31 as target. However if you take a buy trade in Orient Electric Limited, then use 225.2 as stoploss and 233.6 as target.