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Orient Electric Ltd.

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ORIENTELEC trade ideas

Orient Electric Ltd Orient Electric Ltd :- 🔹 Support Levels S1: ₹217.36 S2: ₹214.02 S3: ₹210.11​ 🔹 Resistance Levels R1: ₹224.61 R2: ₹228.52 R3: ₹231.86​ These levels are derived from pivot point calculations and are widely used by traders to identify potential reversal points or breakout zones. ​ 📊 Technical Indicators Relative Strength Index (RSI): 57.51 (Neutral) Average True Range (ATR): 11.34 (Indicates moderate volatility) Moving Averages: The stock is trading below its 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. ​ 🔍 Analysis Summary The current price is near the support zone. A break below ₹217.36 could lead to further declines towards ₹214.02 and ₹210.11. Conversely, if the stock holds above ₹224.61, it may attempt to retest resistance levels at ₹228.52 and ₹231.86. Traders should watch for significant price action near these levels to assess potential breakout or breakdown scenarios.​
NSE:ORIENTELEC
by Ashwani123
ORIENT ELECTRIC : Looking Bullish - Bottomed Out⚡Price Analysis: 1️⃣ Price bounced from the demand zone 2️⃣ Price structure is bullish. 3️⃣ EMAs show casting good momentum & strength. 4️⃣ Volumes spikes are building. ✨ My Expectations: ➡️ RRR is not favorable since SL is big. ➡️ 300 can act as major resistance. ➡️ Not very high convincing trade setup yet. ⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️ 💬 Drop your thoughts below in the comments section if you liked this analysis!✌️ 🔥Happy trading!✅🚀
NSE:ORIENTELECLong
by SuperNova396
3rd wave in Orient Electric expected target 350 This is an update to my earlier post of Orient Electric. The correction was not complete then though i incorrectly assumed that it was over. It further went down and bounced from 190 to 200 levels and formed a leading diagonal in the 1st wave and currently wave 3 is in progress. Also seeing a rounding bottom. Initial Target is 300 and then 350 - Lets see how it progresses... I expect the 3rd wave to continue to 350 levels, provided it breaks out of the 300 levels..
NSE:ORIENTELEC
by sabu_m
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 is over. Orient Electric has broken out with a good green candle with excellent volumes. So probably its the start of wave 3, in which case a target of 700 can be achieved in the next 2 years. However lets see the movement and go step by step - before jumping the gun. So first lets look at a target of 280, then 350 and then will take it from there.
NSE:ORIENTELEC
by sabu_m
1
Bullish Breakout Potential: Orient Electric Breaking Resistance Details: Asset: Orient Electric Limited (ORIENTELEC) Breakout Level: Above 260 Potential Target: 285 and beyond Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Orient Electric Limited (ORIENTELEC) is breaking above a key resistance level at 260. Sustaining above this level could signify a bullish sentiment shift, potentially leading to further upside momentum with targets up to 285 and beyond. Market Analysis: Technical Breakout: Breaking above the resistance level of 260 indicates a technical breakout, attracting buying interest and driving the price higher. Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the anticipated breakout in ORIENTELEC. Price Target: The initial target for ORIENTELEC is set at 285, with potential for further upside depending on market dynamics and investor sentiment. Risk Management: Implementing a stop loss strategy below the breakout level is crucial to manage risk in case of unexpected price reversals. Timeframe: The projected move for ORIENTELEC is based on a short to medium-term outlook, but actual timing may vary based on market conditions. Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio. As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
NSE:ORIENTELECLong
by CyborgTradingHub