Orient Electric Share Price Target For Tomorrow, Next Week & Next Month
Orient Electric Limited | |||
 | Price: ₹242.20 | ||
| 52 Week Low: ₹189.00 52 Week High: ₹297.10 | |||
| Market Capital: 5,097.1 Crore (Midcap) | |||
| Consumer Cyclical -> Furnishings, Fixtures & Appliances | |||
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Orient Electric Recent Performance
Over the past 30 trading days, the value of Orient Electric's stock has gained ₹23.93 (+10.96%). On 23 Oct 2024, one share was worth ₹218.27 and by 20 Dec 2024, the value jumped to ₹242.20. During this period it created a highest high of ₹265.00 and lowest low of ₹204.70.
Orient Electric Share Price Target - Tomorrow
| Level | Value | Analysis |
|---|---|---|
| Tomorrow Target 3 | 259.25 (+7.03%) | Price Action: Oct 2022 Low |
| Tomorrow Target 2 | 256.29 (+5.81%) | Price Action: Feb 2023 Low |
| Tomorrow Target 1 | 253.1 (+4.50%) | Price Action: Aug 2024 Low |
| Current Price | 242.20 | Orient Electric's share price as of 20 Dec 2024 |
| Stop Loss 1 | 235.5 (-2.77%) | Price Action: Sep 2024 Low |
| Stop Loss 2 | 231.89 (-4.26%) | Price Action: 12 Nov 2024 Low |
| Stop Loss 3 | 229.07 (-5.43%) | Price Action: 03 Dec 2024 Low |
Summary
20 Dec 2024: Orient Electric finished the day at ₹242.20, losing ₹-7.99 (-3.19%) in 1 day.
Our analysis for tomorrow predicts a potential movement of -5.42% to 7.04% with:
- Target prices: ₹253.1 to ₹259.25
- Support levels: ₹235.5 to ₹229.07
- Recent high: ₹257.00
- Recent low: ₹238.60
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Orient Electric Share Price Target - Next Week
| Level | Value | Analysis |
|---|---|---|
| Next Week Target 3 | 254.24 (+4.97%) | Fibonacci Extension Level 50.00% |
| Next Week Target 2 | 251.5 (+3.83%) | Price Action: Nov 2024 High |
| Next Week Target 1 | 248.83 (+2.73%) | Fibonacci Extension Level 23.60% |
| Current Price | 242.20 | Orient Electric's share price as of 20 Dec 2024 |
| Stop Loss 1 | 242.28 (+0.03%) | Fibonacci Retracement Level 71.80% |
| Stop Loss 2 | 239.8 (-1.00%) | Price Action: 30 Oct 2024 Low |
| Stop Loss 3 | 236.89 (-2.20%) | Price Action: 11 Nov 2024 Low |
Weekly Target Summary
For next week, our analysis suggests a potential movement range of -2.19% to 4.97% with:
- Upper targets: ₹248.83 to ₹254.24
- Support levels: ₹242.28 to ₹236.89
Orient Electric Share Price Target - Next Month
| Level | Value | Analysis |
|---|---|---|
| Next Month Target 3 | 262.9 (+8.54%) | Price Action: Mar 2021 Low |
| Next Month Target 2 | 259.25 (+7.03%) | Price Action: Oct 2022 Low |
| Next Month Target 1 | 256.29 (+5.81%) | Price Action: Feb 2023 Low |
| Current Price | 242.20 | Orient Electric's share price as of 20 Dec 2024 |
| Stop Loss 1 | 240.3 (-0.79%) | Price Action: 04 Nov 2024 Low |
| Stop Loss 2 | 237.81 (-1.82%) | Price Action: 12 Dec 2024 Low |
| Stop Loss 3 | 235.42 (-2.80%) | Price Action: Jan 2024 High |
Monthly Target Summary
Looking ahead to next month, technical analysis indicates:
- Potential price movement: -2.80% to 8.55% with:
- Target range: ₹256.29 to ₹262.9
- Support levels: ₹240.3 to ₹235.42
Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
