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OLECTRA GREENTECH LTDOLECTRA GREENTECH LTDOLECTRA GREENTECH LTD

OLECTRA GREENTECH LTD

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OLECTRA trade ideas

Amazing breakout on WEEKLY Timeframe - OLECTRACheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN WEEKLY TIMEFRAME ABOVE THIS LEVEL. Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. Check this stock which has made an all time low and high chances that it makes a "V" shaped recovery. > Taking support at last years support or breakout level > High chances that it reverses from this point. > Volume dried up badly in last few months / days. > Very high suspicion based analysis and not based on chart patterns / candle patterns deeply. > VALUABLE STOCK AVAILABLE AT A DISCOUNTED PRICE > OPPURTUNITY TO ACCUMULATE ADEQUATE QUANTITY > MARKET AFTER A CORRECTION / PANIC FALL TO MAKE GOOD INVESTMENT DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING. HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT ! STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:OLECTRALong
by Yoyohoneysingh93
OLECTRA at tilted supportThe stock is currently trading near tilted support at 1250. If it breaks the recent low of 1240, the target on the sell side is likely to be 1050. It looks bullish only if it moves above 1700 or breaks out of the trendline based on the present available data. For a successful breakout/breakdown, we should ideally see a strong respective timeframe candle on our chart to close —it’s crucial to use that timeframe. Following the breakout/breakdown, the ideal entry point would be after a consecutive candle that breaks above/below the breakout/breakdown candle As always, remember to do your own research before making any investment decisions!
NSE:OLECTRALong
by ShivNetha
Descending triangle pattern - Will it Breakout?Olectra Greentech: Growth Potential Olectra Greentech is positioned for substantial growth in the electric vehicle (EV) sector. The company's recent financial performance highlights its potential: Revenue Growth: A 45% increase in consolidated revenue. Profitability: A 34% rise in profit after tax (PAT). Production Capacity: Plans to scale up production to 5,000 electric buses annually by FY '26. Market Demand: Strong demand evidenced by the delivery of 1,850+ electric buses. Risks to Consider While Olectra shows promise, there are fundamental risks: Valuation Concerns: A high price-to-sales ratio of 12.9x, suggesting potential overvaluation. Operational Efficiency: Challenges in inventory management could affect profitability. Return Metrics: A return on capital employed (ROCE) of 13%, which is below industry norms. Growth Valuation: A PEG ratio of 6.6, indicating that growth might not justify the current valuation.
NSE:OLECTRALong
by surjithctly
olectra **Olectra Greentech Ltd** ### 🔴 **Red Downtrend Line** (Resistance) This red line represents a **downward resistance line** where the stock price has previously struggled to break above. 🛑 Every time the price has reached this line, it has reversed or dropped, showing that sellers have stepped in. ### 🔵 **Blue Support Line** This blue line at the bottom acts as **support** for the stock. The price has bounced off this level multiple times, showing that buyers step in when the price approaches it. 🛡️ Each bounce from the blue line indicates that investors find value at this level. ### 🔵 **Blue Circles** (Testing Levels) The circles indicate where the price has repeatedly tested the resistance or support lines. 📉 Each test of the **resistance line** has led to a pullback until now. 📈 Each test of the **support line** has shown buying interest, pushing the price back up. ### 🟢 **Green Trend Line** (Buying Interest) This line shows an increase in **buying interest** in the stock over time. 📊 The rise in the line suggests a higher level of demand, potentially leading to a breakout above the red resistance line. ### 📉 **Key Price Level: ₹1,754.10** This price level is where the stock is currently testing resistance. 🎯 If the stock breaks above this level with strong volume, it could indicate the start of an upward trend. ### 📈 **Volume Bars at Bottom** Higher green volume bars (buying volume) have accompanied price movement toward the resistance, indicating growing investor interest. 🔥 A spike in green volume can be a bullish signal if the price breaks above the resistance. ### 📊 **Possible Breakout Scenario** If the stock price successfully breaks through the red downtrend line with volume support, it could indicate the start of a bullish trend. - 🚀 Breaking this resistance could lead to a sharp upward move if buying interest continues. In summary: - 🟢 **Buying interest** is increasing, shown by the green trendline. 📉 The stock is currently testing the resistance level around ₹1,754. 🔍 **Key levels** of support and resistance suggest that a breakout or breakdown could be imminent. The chart suggests that this is a crucial level to watch for potential movements. However, as noted on the chart, there is no recommendation for buy or sell actions.
NSE:OLECTRALong
by investigationofchart
SWING IDEA - OLECTRANSE:OLECTRA Greentech Ltd. has garnered significant interest recently, following the Government of India's announcement of an incentive scheme for electric vehicles (EVs). This development has positively impacted the stock's performance. Key Observations: 1. Resistance Turned Support: The ₹1640 level, previously a resistance point, has been successfully retested and converted into support (June retest). The stock has since maintained an upward trajectory. 2. MACD Crossover: A bullish MACD crossover is imminent on the weekly chart, indicating building momentum. 3. Swing High Target: A successful crossover could propel the stock towards its previous swing high levels in the coming weeks. Recommendation: If the MACD crossover materializes, it could signal a continuation of the upward trend. Investors should monitor the market conditions closely to ensure the trade setup aligns with the anticipated plan. Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Please conduct thorough research and consult with a financial advisor before making any investment decisions.
NSE:OLECTRALong
by thepranam
OLECTRA GREENTECH LTD (NSE) for Positional Trade SetupKey Observations from the Chart: Price Action: The stock price has been on a downward trend, recently breaking below a support level. This indicates potential bearish momentum. Technical Indicators: TEMA (Triple Exponential Moving Average): The TEMA lines are below the price, suggesting a bearish bias. Supertrend: The Supertrend is also below the price, indicating a downtrend. RSI (Relative Strength Index): The RSI is below 50, indicating oversold conditions but doesn't necessarily signal a reversal. Support and Resistance: The horizontal lines on the chart likely represent significant support and resistance levels. The recent break below the support level is a concerning sign. Potential Positional Trade Setup (Bearish): Strategy: Short-term bearish position, aiming to capitalize on the ongoing downtrend and potential further decline. Entry: Price: Below the recent support level (around 1,628.45) Stop-Loss: Above the nearest resistance level (around 1,699.00) Risk-Reward Ratio: Consider a risk-reward ratio of at least 1:2 or higher to manage risk effectively. Target: Price: A specific target level can be determined based on technical analysis, such as a Fibonacci retracement or a previous support level turned resistance. Exit: Profit Taking: Exit when the price reaches the target level or if the market conditions change significantly. Stop-Loss: If the price moves above the stop-loss, exit the position to limit losses. Considerations and Additional Analysis: Fundamental Analysis: Consider factors like company financials, industry trends, and news to support the technical analysis. Risk Management: Implement proper risk management strategies, including position sizing and diversification. Timeframe: Determine the appropriate timeframe for your trade based on your investment horizon and risk tolerance. Remember: The market is dynamic, and conditions can change rapidly. Continuously monitor the chart, adjust your strategy as needed, and be prepared to adapt to evolving circumstances. Would you like to explore any other technical indicators or aspects of this chart in more detail?
NSE:OLECTRALong
by RajputAmarjit
OLECTRA GREENTECH S/R for 19/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:OLECTRA
by zenthosh