OLECTRA | The Power of Repetition: Historical Demand Zone ReTestThe Macro View: A Multi-Year Support Cluster 📉
Looking at the Daily (1D) timeframe, OLECTRA has entered a "High-Conviction Demand Zone" that has historically acted as a massive springboard for the stock.
Phase 1 (Mid-2023 to 2024): After consolidating near the ₹1,000–₹1,050 level, the stock witnessed a vertical move, delivering a return of more than 100%.
Phase 2 (2025): The stock returned to the same horizontal support line. This re-test was met with strong buying interest, leading to a secondary return of 70%.
Current Phase (Feb 2026): Price is once again knocking on the door of this Red Support Zone (₹980 - ₹1,040).
The Logical Thesis: Why This Time?
Technical patterns are only as strong as the fundamentals backing them. Currently, Olectra is showing a perfect alignment:
Fresh Order Inflow: Just today (Feb 23, 2026), the company announced a massive ₹1,800 Crore order for 1,085 electric buses from TGSRTC.
Operational Milestone: The company officially commenced commercial operations at its new Telangana EV manufacturing facility in early 2026, significantly boosting production capacity.
Market Position: Olectra maintains a dominant 29% market share in the e-bus segment as of Q3 FY26.
The Chart Setup (Educational View)
Support Zone: ₹985 – ₹1,040 (Previous accumulation zone).
Price Action: The current candle shows a recovery from the lower end of the support, indicating that the "History Repeats" thesis is gaining traction.
Volume Profile: Watch for an expansion in volume to confirm the breakout from this accumulation base.
Educational Note
Purpose: This post is for educational and informational purposes only. It is intended to demonstrate how to identify historical support/demand zones using price action.
Risk Warning: Investments in the securities market are subject to market risks. Past performance (the 100% and 70% moves) is not a guarantee of future results.
Not Advice: This is not a Buy/Sell/Hold recommendation. I strongly urge you to consult your financial advisor before making any investment decisions.
Transparency: The author may or may not have a position in the mentioned stock.
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