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 .
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.
If this Script can sustain the 1900 mark then according to price action it can go further 25 -30 % until next correction
Olectra may retest previous breakout levels because Rsi losing strength and given breakdown. Retest levels Rs1800-Rs1700, further breakdown could take it to Rs1450 levels. SL previous high of Rs2222 closing basis. Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by...
# 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.
OLECTRA 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 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...
📊 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...
Olectra : In Top Gear Flag Pole Breakout done, seems more fire left Long only above 2060, immediate support at 1945
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. --- --- --- “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 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.
Beautifull cup with handle pattern. Strong volume Huge upside possible
-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
Buy 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
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...
--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...
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...
Buy above 411 Keep stop loss 375 on daily closing basis target 1 499 target 2 599