A Resistance level breakout is clearly visible on daily and as well as weekly timeframe. if the breakout sustains , it can move upto 850 levels . watch that level. I'm not a sebi resistered analyst.so do your own research before investing .
Entry 712.3 Qty 30 SL 701 (1.4%) Big trendline breakout After trendline breakout on Higher timeframe price made a very strong base and todays daily candle is sustaining above it took entry on small timeframe with very small SL
In the Weekly Chart of OLECTRA , we can see that, it is near the breakout of Inverted Head & Shoulder chart pattern. possible momentum is shown in chart.
My view on olectra greentech ..... looking for 840 target
Buy olectra greentech at or above 664 with stoploss at 582.35 and target at 767,810 and 872 because the stock has retraced and bounced back it is likely to hit these fibbonaci nos targets which are 0.5, 0.618 and 0.786
stock is at the confluence of two trend lines, 50% fib.level, 127.2% extn and AVWAP
#OLECTRA Took support near 61.8% ratio CMP:508 @ 23 November 2022
NSE:OLECTRA small cap e-bus stock is forming triangle pattern. EV related stocks with strong financials are good to average at every dips and wait for good up move on a relevant news. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call. ...
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wait for this to break 650 and hold wth stops 20-30 rupees under 650 this likely gives 650 ---> 850 trade
Based on news from Olectra -- Received contract for 1100 Busses for 2400 + 10-year maintenance project. Keep an eye on this - and trade carefully. Please do your own research.
Buy = 342.05 SL = 316.9 Target 1 = 392.35 Target 2 = 417.5 8Sep2021 Bullish OLECTRA OLECTRA Greentech Buy for short term
RSI Above 60 on Monthly and Weekly showing strong upside momentum. Positive Reversal Pattern on RSI No Overhead Resistance Strong Outperformance relative to Broad Market (CNX500) Stop Loss Trigger: 390 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Risk...
Buy = 342.05 SL = 316.9 Target 1 = 392.35 Target 2 = 417.5 8Sep2021 Bullish OLECTRA OLECTRA Greentech Buy for short term
Products of the company include: POWER UTILITIES 25 KV RAILWAY TRACTION The company also has interest in BPO and Software Solutions The products of the company are certified by CPRI, ERDA, VIMTAS LABS, CESI, Shriram Institute and Indian Institute of Science and are approved by Indian Railways, DMRC, PGCIL, CSEB, JVNL, KSEB, UPCL and many more. Future...