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Electricbus

OLECTRA GREENTECH is nearing triangle breakoutNSE:OLECTRA is nearing triangle breakout Entry : Wait for breakout with volume above average and then take position Exit : When the setup is invalidated by false breakout Target : Can be anything below 940, giving around 50% returns from current price of 591.5. However start booking partial profits at 720 and above. Fundamentally income statement is good, debt to asset ratio is low (which is good), however PE ratio is high as electric buses are the need of the hour for all governments and corporate companies. 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.
NSE:OLECTRA
by samplespaz
11
Precision cam, nice EV player#precision camshaft Looks very interesting on charts and with the work they are doing on EV space. Recently they had retrofitted a passenger vehicle for EV. If it's successful then this company will easily become a multi Bagger. On charts It had made perfect rounding bottom, where we can see volume spikes where stock made a base. Again it broke a minor resistance zone with encouraging volumes. It has completed pullback too. #VR PLEASE DYOA 🙏
NSE:PRECAMLong
by VR46_TheDoctor

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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