Olectra buying startedBuy above 411
Keep stop loss 375 on daily closing basis
target 1 499
target 2 599
OLECTRA trade ideas
OLECTRA Nice Breakout after consolidating around 6 months."Spotting Opportunity: OLECTRA's Healthy Consolidation Signals a Rounding Bottom Breakout"
For the past six months, our attention has been firmly on OLECTRA, and finally, a promising opportunity is unfolding. Amid a healthy consolidation marked by a rounding bottom, today signifies a pivotal moment. Both the weekly and daily charts for OLECTRA showcase a breakthrough, presenting an opportune time for a strategic, long-term move.
Key Points:
1. Rounding Bottom Consolidation:
- OLECTRA has been undergoing a constructive consolidation, forming a rounding bottom pattern over the past six months. This pattern often indicates a healthy period of stabilization before a potential upward move.
2. Spotting False Breakouts:
- During this consolidation, we've been cautious of false breakouts, but today's development feels different. The rounding bottom pattern enhances the reliability of the breakout signals we're observing.
3. Checking the Charts:
- A meticulous examination of the charts, considering the rounding bottom pattern and utilizing simple indicators, reinforces the authenticity of this breakthrough for OLECTRA on both the weekly and daily charts.
4. It's Official:
- Today is a notable day as both the weekly and daily charts officially confirm that OLECTRA is breaking out of its rounding bottom consolidation. This confirmation provides a green light for a well-timed, longer-term investment.
5. Seizing the Moment:
- With the rounding bottom consolidation adding strength to the breakout, now is an opportune moment to make a thoughtful, long-term investment in OLECTRA. This presents a chance to ride the wave as OLECTRA looks set to ascend.
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 is in good levels we can make log positionsBegin create a long position on Electra Green Tech as the stock is in good levels having a breakout of a rounding bottom and volume spike more than average this box can gain up to 23% take minimum risk to reward ratio of 1:2 and trail it further
Amazing breakout on Weekly / Daily Timeframe - OLECTRACheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
OLECTRA
After clearing its previous all time high of 941 in June 2023, price consolidated for 6 months.
Recently, the stock has shown signs of strength by clearing its resistance around 1300 on Daily/Weekly Time frame.
A move past its current all time high of 1465 would give conviction to our bullish outlook.
Long Term Uptrend is expected to continue till 2400.
Olectra GreentechOlectra Greentech Looks Good For Swing as well as Investing, Also Goverment announced 8,00,000 Diesel Buses to Be Replace on Indian Roads, so Directllly Benifit to Stock
Also Stock Chart Looking Good, Breaking Major Resistance along with Strong Volume.
KEEP ON RADAR
Buying OLECTRA GREETECHthe future is green and also a fundamentally and technically a best stock i came acros and has a potential to give some good returns. this stock is breaking trendline and also a resistence.
Olectra Greentech- Trendlilne Breakout and C & H breakoutOlectra Greentech- Trendline breakout done. Cup and handle breakout will be confirmed after today's candle close above 1346. Targets are 1465 and 1668
Note: This is for educational purpose only.
Buy Olectra Greentech #nseindia #bseindia #investing Buy Olectra Greentech
Inverse Head and Shoulder pattern
If yes, then the stock is set to move >20% after a breakout of the neckline
#nseindia #bseindia #investing
OLECTRA: 20% rise possibleCMP: 1281
📊 Trading near ATH
Will you call it an Inverse Head and Shoulder pattern?!
If yes, then the stock is set to move >20% after a breakout of the neckline 📈
🎯 Expectation: 20%
⚠️ SL: <5%
BREAKOUT IN OLECTRA GREENTECH 📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF OLECTRA GREENTECH:-
•Breakout of Darvas Box pattern on DTF with strong candle
•Break counter trend line and hidden lines
•Volume Buildup near BO zone
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
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 too good breakout after nice tightnesslong in olectra , beautiful bo+ and superv volume kickin in.
Swing action stockFundamentals are average and high PE stock(Not so much preferred)
Keep eyes on this for swing action. Closing above the level may give upside target.
SL - 1214 / 1170
OLECTRA GREENolectra green look good on weekly time frame
deep pullback complete
above 1300 we can see 2000.
Inverted Head & Shoulder Inverted Head & Shoulder
✅Breakout Candidate
OLECTRA
- Continuation Pattern in progress
- Consolidating at 21 EMA
- Volume and Volatility Contraction
- Above Key EMAs
- Bullish RSI
13% Upside potential in OLECTRA🔋⚡️📈🚀Falling Wedge was formed on OLECTRA breakout has been done.
Currently it is at the resistance zone volumetric breakout of the resistance zone will unlock 13% upside potential.
Olectra _ Falling Wedge breakout viewOlectra :
Falling Wedge breakout
And bounce back from support turned resistance
olectragreen tech chartin this chart this is in small correction mode but monthly and weakly chart rsi overbought
let see what happen next its only view
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.
