Olectra Greentech Limited setting up for big moveOlectra Greentech Limited, a mojor electric bus company, in DTL BO zone.
Also anticipation of BO of AVWAP from 52W High.
OLECTRA trade ideas
Olectra GreentechOlectra getting ready for move towards 2800 till it holds 1500 levels cmp 1800
R:R 1:4
Breakout in OLECTRA GREENTECH Descending Triangle Breakout Setup
RSI near 60 and rising
Trading above EMA50
Volume spurt
Disc: for study, not a recommendation
#OLECTRA , bullish counterStock has given a breakout at the star of the year and pulled back and re-tested the 0.618 levels maintinaing the swing and trend , I see good strength in both momentum and cash flows on this counter on the upside with a good risk to reward ratio .
The breakout of the triangle shoudl trigger a good short term move .
Level plots on the chart .
Cheers ~
OLECTRA Swing TradeOlectra has been trading with in a triangle pattern, taking strong support on 1600 zone. Likely to move upside and hit the all time high.
Olectra Green Tech - Catch them young- Best above 1745Olectra Green Tech - I See RSI - Divergence.
Best to add above - 1745
Views Invalid below - 1565
Disclaimer : Educational Content and do not treat this as recommendation.
Buy Olectra for a target of 2100Buy Olectra for a target of 2100 in 2-3 weeks
Can be added to portfolio, should give good returns one next 1-2 years
Stop loss weekly close below 1550
Olectra greentech 📈 If 1644 sustains in weekly then 📈 2800 possible within or on 27th May 2024
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Fresh Buying in OLECTRA GREENTECH Few months ago I bought olectra greentech at 1350, it crossed 2000 and now is trading near 1650. Olectra's quarterly results were declined and now we have an opportunity to buy and there will be a breakout soon in it, also fundamentals are great I have more confidence in it
OLECTRA : Super Bullish move!OLECTRA is in uptrend and currently facing some resistance and some sideways expected. Any dip in the coming days will be an opportunity to fill your average your portfolio. Olectra will make a fresh high soon .
NOTE : I'm not a SEBI REG . Study before investing .
Correction of 1 hr If this Script can sustain the 1900 mark then according to price action it can go further 25 -30 % until next correction
Olectra Greentech Bulllish# BO of Flag & Pole Structure in Weekly TF
# Volumes increasing after consolidation
# Confirmation of BO by rising volumes
# Target 1 - 1915 , Target 2 - 2300
This is for educational purpose. Do your own analysis before investing.
OLECTRAOLECTRA is in a small range and currently moving for a POLE & FLAG pattern. Expect another rally in coming months.
NOTE: I'm not a SEBI REG. Study before you make investment.
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 : Flag Pole Breakout- more fire leftOlectra :
In Top Gear
Flag Pole Breakout done, seems more fire left
Long only above 2060, immediate support at 1945
Patterns...Last time this patterns occurred, it gave me good returns. Will it repeat again, or will it take away some of my previous profits...only time will tell.
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“Humans are pattern-seeking story-telling animals, and we are quite adept at telling stories about patterns, whether they exist or not.”
― Michael Shermer
Olectra prediction on possible movesOlectra formed cup and handle on hourly and retracing near the C&P line ~1800.
Taking support from 1800 it can give target up to 2050
1750 is stop loss for this trade.
One of the best stock for next few weeks-Ascending triangle breakout with high volume shows strength in breakout and confidence in traders
-before breakout consolidated for long which is good sign for next rally
-above all crucial levels and EMA
-rsi also looking strong
Olectra Greentech 1:5 setup for a yearBuy Olectra Greentech between 1215-1250
SL 1094
Target 1: 1457 1:2
Target 2: 1574 1:3
Target 3: 1692 1:4
Target 3: 1812 1:5
Target 4: 2200 Flag pattern target
Duration 6month to 1 year
Buy some quantities 1250-1230 if dips buy more quantity
OLECTRA GREENTECH About :-
Olectra Greentech Ltd. is a holding company, which engages in the manufacturing of composite polymer insulators and electrical buses. It operates through the Insulator Division and E-Bus Division segments. The company was founded in 1992 and is headquartered in Hyderabad, India.
Key facts
Market capitalization
139.47 BINR
Dividend yield (indicated)
0.02%
Price to earnings Ratio (TTM)
179.42
Basic EPS (TTM)
9.44INR
Technical :-
Formed InsideBar in weekely Timeframe. Looks Good For Shortterm investment. Trading at 1697. Keep sl below Mother candle's low.Target can be 2110 / 2835 / 3530 / 4200.
Disclaimer :- script disscussed only for education purpose. It is not any recommendation to buy or sell. You will be fully responsible for your profit and losses. If you have any question about my analysis, you can whatsaasp me on 9730763736.
BUY--Breakout with volume confirmation
--Good Retest From The Demand Zone
--Target -1466
--Strong Bullish Momentum
--Overall Trading In HH-HL Formation
--Long Range Consolidation breakout
--Mulktibagger stock
--sugar sector on focus
--bullish flag pattern formation
--strong volume in
--swing Target 33
-- good for long term
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
