NSE: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...
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...