Olectra Greentech- Long Buy Range:170-180 Upside Target: 197, 210, 232 Support Levels: 170, 167 *** You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks. *** **Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My...
If the price opens above the current support zone and the candles are stable for at least 1 hour then you can expect the price to move above 253 levels The below mentioned levels will act critical support and resistance levels. Best price to buy 232 Where the last swing initiated. Analysis is only good if NIFTY stays strong. Target 1 - 258 Target 2 -...
Olectra is near its multi month resistance level of 265. If it breaks out you can take a positional trade for the next 2 target levels of 274 and 304. Else if it dips below 255 then good time to buy will be at 245 and 237 levels.
BASED ON HIGH DELIVERY AND CHART PATTERN OLECTRA LOOKS GOOD FOR LONG ABOVE 221-222 Hope you like the idea and please give suggestions. Disclaimer: Not a recommendation.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
A classic example of Wyckoff Distribution catching retail investors off guard in Olectra Greentech Limited over a couple of years. It is important to analyze the same chart through different time-frames. New patterns can emerge this way! Full Text Reference, highly recommended must-read - school.stockcharts.com PSY—preliminary supply, where large interests...
Morning star followed by a good bullish candle testing the resistance level Look how beautifully the Fibonacii retracement is followed. Right now near a resistance level. But since a morning star was followed by bullish candle, the chgances are that this resi=stance will be broiken and next resistance will be reached. So buy moderately RSI is rising up nicely...
The stock looks good above 194.2 level for a target of 223
As long as the Trendline support and static support zone are intact, we can wait for the targets.
Stock is recovering after a long time BUY!
Resistance at 229. Will be bullish once it crosses the resistance target in intremediate term will be 294.