Orient Electric analysis
The technical analysis for Orient Electric Ltd. remains mixed. The stock faces resistance and is in a downtrend over the long term. The short-term trend is neutral.
The closest support zone is around 250-235 supported by moving averages, The volume is relatively low, suggesting not much conviction behind the recent price movements, still lacks a clear volume and trend support.
In case If stock continues up trend and stays above 286 with good volumes. we can expect next resistance of 320.
This is my personal view & NOT a BUY/SELL/HOLD recommendation
For educational purpose only.
your views and analysis is welcome.
Note: Remember that investing involves risks, and it’s essential to conduct thorough research and consult with a financial advisor before making any personal investment decisions.
The closest support zone is around 250-235 supported by moving averages, The volume is relatively low, suggesting not much conviction behind the recent price movements, still lacks a clear volume and trend support.
In case If stock continues up trend and stays above 286 with good volumes. we can expect next resistance of 320.
This is my personal view & NOT a BUY/SELL/HOLD recommendation
For educational purpose only.
your views and analysis is welcome.
Note: Remember that investing involves risks, and it’s essential to conduct thorough research and consult with a financial advisor before making any personal investment decisions.
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