OLECTRAOLECTRA - If you look at the history of the stock, there was a downfall from 2022 to March 2023, then the stock gave a breakout and a good move came, a similar pattern has formed
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rest details mentioned in the chart.
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OLECTRA
Olectra Greentech Ltd - Long Setup, Move is ON...#OLECTRA trading above Resistance of 1501
Next Resistance is at 2108
Support is at 1051
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
OLECTRA | Swing Trade📊 DETAILS
Sector: Electronics - Components
Mkt Cap: 10,472 cr
Olectra Greentech Limited was incorporated in 1992. The Company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses. Its registered office is in Hyderabad.
TTM PE : 133.32 (Average PE)
Sector PE : 59.26
Beta : 0.52
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
15.58% away from 52 week high
Underperformer - Olectra Greentech up by 5.42% v/s NIFTY 50 up by 6.91% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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OLECTRA - Long Setup, Move is ON..NSE:OLECTRA
✅ #OLECTRA trading above Resistance of 1501
✅ Next Resistance is at 2108
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Olectra Greentech Ltd - Long Setup, Move is ON...#OLECTRA trading above Resistance of 1291
Next Resistance is at 1501
Support is at 817
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Olectra Greentech - Manuctures of Ebuses and composite polymer insulators. 50 % promoter holding with zero promoter pledge . Stock has shown continuous upmovement after a news of getting orders from Telengana road transport corporation and Maharashtra Govt. Can expect red due to profit booking. Decreasing trend of promorter holding also gives a negative expectation in short term. Current movement may sustains only if it cross the supply zone. Recent orders from Maharashtra govt, Telengana Govt . hydrogen bus partnership etc gives an immense scope in long term.
OLECTRA - Long Setup, Move is ON..NSE:OLECTRA
✅ #TI trading above Resistance of 1146
✅ Next Resistance is at 1501
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Olectra Greentech Ltd - Long Setup, Move is ON...#OLECTRA trading above Resistance of 1051
Next Resistance is at 1291
Support is at 765
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Olectra Greentech Ltd - Long Setup, Move is ON...#OLECTRA trading above Resistance of 900
Next Resistance is at 1051
Support is at 665
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
OLECTRA - Long Setup, Move is ON..NSE:OLECTRA
✅ #OLECTRA trading above Resistance of 988
✅ Next Resistance is at 1146
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
OLECTRA GREENTECH WEEKLY BREAKOUTIt has given weekly breakout and may have potential to give approx. 50% or more return in next 1 year.
I have tried to plot probable moves in the future based on past price movements. However, price movement is subject to market conditions and any unforeseen events.
Olectra Greentech Limited was incorporated in 1992. The Company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses. Its registered office is in Hyderabad
Technology Partner
Agreement with BYD until 2025 for supply of battery
Charging Stations
As on Feb 2022, 16 charging stations were operational and 24 were under development
I kindly request your valuable feedback on the accuracy and validity of my learning and research. Furthermore, I would greatly appreciate any suggestions on areas where I can enhance my skills and knowledge.
DISCLAIMER:
The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip. Consequently, it is within my prerogative to engage in the purchase or sale of said scrip at my discretion, contingent upon prevailing market conditions and the occurrence of specific events.
I am not a registered financial advisor and the information provided by me should not be considered as financial advice. It is highly recommended that you consult with your financial advisor and do your due diligence before making any investment decisions.
Investing in the stock market is subject to market conditions and any unforeseen events. Also involves risk and can result in both profit and loss. You should be aware of the risks involved in investing in the stock market before making any investment decisions.
Please note that any investment decision you make based on the information provided by me is at your own risk, I will not be held responsible for any of your losses or damages, financial or otherwise, resulting from your investment decisions.
OLECTRA - Long Setup, Move is ON..NSE:OLECTRA
✅ #OLECTRA trading above Resistance of 740
✅ Next Resistance is at 988
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.