ORIENTELEC
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.
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.
