OLECTRA is an excellent Buy!stock is at the confluence of two trend lines, 50% fib.level, 127.2% extn and AVWAP
OLECTRA trade ideas
OLECTRA is forming triangle patternNSE:OLECTRA small cap e-bus stock is forming triangle pattern.
EV related stocks with strong financials are good to average at every dips and wait for good up move on a relevant news.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Olectra GreenTech IndiaSSI Live Trading Series
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OLECTRA bull flagwait for this to break 650 and hold
wth stops 20-30 rupees under 650
this likely gives 650 ---> 850 trade
OLECTRA : Whats next Based on news from Olectra --
Received contract for 1100 Busses for 2400 + 10-year maintenance project.
Keep an eye on this - and trade carefully.
Please do your own research.
Bullish OLECTRABuy = 342.05
SL = 316.9
Target 1 = 392.35
Target 2 = 417.5
8Sep2021
Bullish OLECTRA OLECTRA Greentech
Buy for short term
Long Olectra Greentech RSI Above 60 on Monthly and Weekly showing strong upside momentum.
Positive Reversal Pattern on RSI
No Overhead Resistance
Strong Outperformance relative to Broad Market (CNX500)
Stop Loss Trigger: 390
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Bullish OLECTRABuy = 342.05
SL = 316.9
Target 1 = 392.35
Target 2 = 417.5
8Sep2021
Bullish OLECTRA OLECTRA Greentech
Buy for short term
olectra greentechProducts of the company include:
POWER UTILITIES
25 KV RAILWAY TRACTION
The company also has interest in BPO and Software Solutions
The products of the company are certified by CPRI, ERDA, VIMTAS LABS, CESI, Shriram Institute and Indian Institute of Science and are approved by Indian Railways, DMRC, PGCIL, CSEB, JVNL, KSEB, UPCL and many more.
Future plans
The company has ambitious plans to manufacture and develop value added products in the Power sector & Railways, featuring exclusive characteristics that exceed all the present requirements of the utility business around the world at most competitive pricing.
Recent developments
Goldstone Infratech has received order from the High Court of Judicature of Andhra Pradesh at Hyderabad, for the proposed scheme of amalgamation of Shree Shree Telecom Pvt Ltd and Newtech Stewing Telecom Ltd and Sun Plast-O-Met Ltd with the company.
OLECTRA GREENTECH CASH CHARTBUY RANGE-171-184
STOP LOSS-OWN
TARGET-245/300/400
NOTE=TIME HORIZON IS 1-1.5 YEARS
ADD ON EVERY DIP IS ADVISABLE.
Channel Break out with Huge Volume Spikei can see Channel Break out with Huge Volume Spike
cmp 117
Target 140,180++
SL 97
