Olectra Greentech making semi triangle pattern Buy level above on 1882 level
Olectra has finally given a good up move with volume after decent correction and consolidation. The chart suggests this could be a double bottom breakout as well and today's strong closing could add to that point. It has taken out an important resistance of 1280 with RSI comfortably above 60. I expect it to touch levels near its last ATH, which is 1465, however...
olectra formed a double top on daily time frame which can lead to total bottom upto 1012. best point to enter is 1050 ranges for long term can push price to 1500 if RSI convergence occurs as i anticipated.
it will come down below 1k .. but takes some time...
285% rally in 141 days is good enough rally to attract retail traders. Stay away and thank me later. As per ABC corrective pattern, Olectra already achieved its target. I am not expecting any upside in short term. 50% correction coming which can push the price lower towards 700 odd levels Once peaked at PE of 370, now available at a PE of 172. Even the forward...