🟢 Olectra Greentech Ltd – Positional Breakout Setup in EV Segment ⚡
CMP: ₹1280.90 | NSE: OLECTRA
🔹 Strong trendline support maintained for over 2 years
🔹 Multiple MACD (6/19, 13/55, 20/89) showing early crossover signals
🔹 RSI breakout above 50, now forming higher lows – momentum picking up
🔹 Ichimoku cloud breakout confirmation awaited – early signs of reversal
🔹 Volume holding well, OBV flat – potential accumulation zone
📈 Price breaking out from a long-term triangle pattern; if sustained, targets could open up toward ₹1450–₹1600 in coming months.
📊 Sector tailwind: EV, battery, and green mobility themes remain strong
🌱 Fundamentals supported by order book visibility, policy tailwinds, and infrastructure push
🎯 Ideal for positional traders & long-term investors with a medium-term view.
📝 Note: Please do your own due diligence. This is not a recommendation, just a view based on charts and fundamentals.
🧠 Disclaimer: For educational and research purposes only. No buy/sell advice.
📝 Chart Purpose & Disclaimer:
This chart is shared purely for educational and personal tracking purposes. I use this space to record my views and improve decision-making over time.
Investment Style:
All stocks posted are for long-term investment or minimum positional trades only. No intraday or speculative trades are intended.
⚠️ Disclaimer:
I am not a SEBI registered advisor. These are not buy/sell recommendations. Please consult a qualified financial advisor before taking any investment decision. I do not take responsibility for any profit or loss incurred based on this content.
CMP: ₹1280.90 | NSE: OLECTRA
🔹 Strong trendline support maintained for over 2 years
🔹 Multiple MACD (6/19, 13/55, 20/89) showing early crossover signals
🔹 RSI breakout above 50, now forming higher lows – momentum picking up
🔹 Ichimoku cloud breakout confirmation awaited – early signs of reversal
🔹 Volume holding well, OBV flat – potential accumulation zone
📈 Price breaking out from a long-term triangle pattern; if sustained, targets could open up toward ₹1450–₹1600 in coming months.
📊 Sector tailwind: EV, battery, and green mobility themes remain strong
🌱 Fundamentals supported by order book visibility, policy tailwinds, and infrastructure push
🎯 Ideal for positional traders & long-term investors with a medium-term view.
📝 Note: Please do your own due diligence. This is not a recommendation, just a view based on charts and fundamentals.
🧠 Disclaimer: For educational and research purposes only. No buy/sell advice.
📝 Chart Purpose & Disclaimer:
This chart is shared purely for educational and personal tracking purposes. I use this space to record my views and improve decision-making over time.
Investment Style:
All stocks posted are for long-term investment or minimum positional trades only. No intraday or speculative trades are intended.
⚠️ Disclaimer:
I am not a SEBI registered advisor. These are not buy/sell recommendations. Please consult a qualified financial advisor before taking any investment decision. I do not take responsibility for any profit or loss incurred based on this content.
Note
OLECTRA Positional Idea (Investor View)📌 Price: ₹1280
🕰️ Timeframe: Weekly
🔸 Price breakout from long-term falling wedge and holding above major trendline support.
🔸 Volume increasing with bullish momentum across indicators.
🔸 RSI is sustaining above midline, showing strength returning after long consolidation.
🔸 OBV and DMI also reflect buying interest building up.
📈 If sustained above ₹1240–1250, it can gradually move toward ₹1450–1600 levels.
🔒 Strict invalidation if closes below ₹1100 on weekly/monthly basis.
🧠 This is a long-term accumulation zone for investors with patience.
🚫 No trading advice. Just sharing personal analysis for journal tracking.
Note
OLECTRA GREENTECH: NITI AAYOG IS PLANNING TO EASE INVESTMENT NORMS FOR CHINESE COMPANIES INTO INDIAN COMPANIES || CO ALREADY HAS A JV WITH BYD AND THIS COULD PAVE WAY FOR MORE INVESTMENTS BY BYD INTO THE CO
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.