Olectra - Monthly Chart - Positional/ Investing Idea - ATH Breakout + Massive Volumes + Good Fundamentals + Sectoral tailwinds - We can see accelerated move in coming weeksLongby jaykadam9112
BREAKOUT CANDIDATE.MULTIYEAR BREAKOUTSO its near breakout level the weekly candle should give closing above 280 fir successful breakout or else we can se a dip till 265.Wait for breakout and enter accordinglyLongby Mayank_011334
Olectra Greentech- LongOlectra 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 intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index. **** Longby pmosesoliverUpdated 2
Swing Trade Olectra about to cross 300 markIf 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 - 264 Target 3 - 269 Target 4 - 274 Target 5 - 280 Target 6 - 288 Target 7 - 295 Target 8 - 300 Target 9 - 304Longby pushpitchhabra930
Olectra about to break out 265 levels next target 274 and 304Olectra 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.Longby pushpitchhabra93112
OLECTRA LONGBASED 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.Longby ProductiveAspirantUpdated 2
OLECTRANote: 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 opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy TradingLongby SENSITRADE_T0
Wyckoff Distribution Scheme - Catch early - Beat the Operators!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 begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest. UTAD—upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element: the TR in Distribution Schematic #1 contains a UTAD, while the TR in Distribution Schematic #2 does not.Educationby Wolf-AD7221
Risky a bit but if clicked the reward can be good. Buy a littleMorning 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 after 2 months so its good indicator. by Amatuer_Sanjay0
Watchout for Resistance breakoutThe stock looks good above 194.2 level for a target of 223Longby tanya1511815518
OLECTRA GREENTECHAs long as the Trendline support and static support zone are intact, we can wait for the targets.Longby No2OfficeUpdated 113
Stock is recovering after a long time BUY!Stock is recovering after a long time BUY!Longby PinkyGupta2
Resistance aheadResistance at 229. Will be bullish once it crosses the resistance target in intremediate term will be 294.by sabyasachi_nath3