best consolidation happing in orient electrifrom last 2 years orient electri is consolidating and forming some good structure for future positions if stock break 220 market price level next target be like 280
4.10INR
758.50 MINR
25.26 BINR
115.06 M
About ORIENT ELECTRIC LTD
Sector
Industry
Headquarters
New Delhi
Website
Employees (FY)
3.12 K
Founded
1954
ISIN
INE142Z01019
FIGI
BBG00HM5V7P9
Orient Electric Ltd. is engages in the manufacture and sale of electronic equipment. It operates through the Electrical Consumer Durables and Lighting and Switchgear segments. The Electrical Consumer Durables segment involves in the manufacture, purchase, and sale of electric fans such as ceiling, portable, and airflow, as well as components, accessories, and appliances. The Lighting and Switchgear segment comprises manufacture, purchase, and sale of lights, luminaries and switchgears. The company was founded in 1954 and is headquartered in New Delhi, India.
Accumulated -> Breakout -> Retraced -> Possible upmoveSome of the Consumer Durables Voltas, Symphony, Orient, Prestige, Crompton etc. are in sideways or accumulation from few months while Havells , Bluestar on uptrend.
This may be a start of up move or a bounce before a downtrend.
Orient Electric accumulated for few months, gave a break out and retr
Triangle breakout with very high volume and retest done -Triangle breakout with very high volume and retest done
-currently 50 ema is reacting as resistance but should break it easily
-strong support from lower level
-keep in radar it can give 25-30% return
Orient Electric - Breaking out for possible multibagger returns After a two year consolidation from Dec 2021 - it seems Orient Electric is breaking out with volumes and its probably the start of wave 3.
The many narrow range candles in the weekly chart, the 0.618 levels of the previous impulse move, and the ending diagonal indicates that the complex correction
Momentum GameIdea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basi
ORIENTELEC - Weekly AnalysisIn the Weekly Chart of ORIENTELEC ,
we can see that, it has created 2 Pin bars near Support level.
Enter on breaking its high with low as SL.
For long idea,i am providing Orientelect above 228.15Orientelect entry above 228.15 ,
For long entry,
You can mag me for more detail.
ORIENTELEC STOCKNSE:ORIENTELEC Stock trend reversal from the best bottom support level of 215 rupees.
Buy sustain above the 225 rupees.
First Target is 238 rupees.
Second Target is 250 to 260 rupees.
stoploss is below 210 rupees.
ORIENTELEC - Weekly AnalysisIn the Weekly Chart of ORIENTELEC ,
we can see that, it has mad a Decision Making Candle.
Possible momentums are shown in charts.
If it breaks the Candle's high, this will called as W Pattern breakout.
If it breaks down, it might test the lower levels again.
ORIENTELEC - Weekly AnalysisIn the Weekly Chart of ORIENTELEC ,
we can see that; after channel breakdown, Decision making Candle is formed near Big Cup & Handle Trendline breakout.
Possible momentums are shown in chart.
Enter on breaking its HIGH with LOW as SL.
See all ideas
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Frequently Asked Questions
The current price of ORIENTELEC is 210.30 INR — it has increased by 0.96% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange ORIENT ELECTRIC LTD stocks are traded under the ticker ORIENTELEC.
ORIENT ELECTRIC LTD is going to release the next earnings report on May 29, 2024. Keep track of upcoming events with our Earnings Calendar.
ORIENTELEC stock is 2.60% volatile and has beta coefficient of 0.54. Check out the list of the most volatile stocks — is ORIENT ELECTRIC LTD there?
One year price forecast for ORIENT ELECTRIC LTD has a max estimate of 304.00 INR and a min estimate of 209.00 INR.
ORIENTELEC earnings for the last quarter are 0.55 INR whereas the estimation was 0.72 INR which accounts for −23.26% surprise. Estimated earnings for the next quarter are 1.28 INR. See more details about ORIENT ELECTRIC LTD earnings.
ORIENT ELECTRIC LTD revenue for the last quarter amounts to 5.67 B INR despite the estimated figure of 5.85 B INR. In the next quarter revenue is expected to reach 7.62 B INR.
Yes, you can track ORIENT ELECTRIC LTD financials in yearly and quarterly reports right on TradingView.
ORIENTELEC stock has risen by 0.79% compared to the previous week, the month change is a 8.29% rise, over the last year ORIENT ELECTRIC LTD has showed a 7.64% decrease.
ORIENTELEC net income for the last quarter is 243.30 M INR, while the quarter before that showed 184.50 M INR of net income which accounts for 31.87% change. Track more ORIENT ELECTRIC LTD financial stats to get the full picture.
Today ORIENT ELECTRIC LTD has the market capitalization of 44.47 B, it has decreased by 1.46% over the last week.
ORIENT ELECTRIC LTD dividend yield was 0.55% in 2022, and payout ratio reached 42.04%. The year before the numbers were 0.62% and 33.51% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, ORIENTELEC shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade ORIENT ELECTRIC LTD stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 18, 2024, the company has 3.12 K employees. See our rating of the largest employees — is ORIENT ELECTRIC LTD on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So ORIENT ELECTRIC LTD technincal analysis shows the buy rating today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating ORIENT ELECTRIC LTD stock shows the sell signal. See more of ORIENT ELECTRIC LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on ORIENT ELECTRIC LTD future price: according to them, ORIENTELEC price has a max estimate of 304.00 INR and a min estimate of 209.00 INR. Read a more detailed ORIENT ELECTRIC LTD forecast: see what analysts think of ORIENT ELECTRIC LTD and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. ORIENT ELECTRIC LTD EBITDA is 1.60 B INR, and current EBITDA margin is 5.97%. See more stats in ORIENT ELECTRIC LTD financial statements.