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(OLECTRA) Olectra Greentech complete technical analysis [charts+indicators] | Buy/Sell Olectra Greentech | (OLECTRA) share price targets

Complete technical analysis of Olectra Greentech (OLECTRA) by charts plus indicators, forecast predictions and share price targets for Olectra Greentech (OLECTRA)

Showing technical analysis as on 2024-01-18 View latest technical analysis

10 day averaged volume of Olectra Greentech is 4829860

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	1658.65	1666.00	1679.45	1550.00	0.152 times
17 Wed Jan 2024	1676.00	1658.05	1696.65	1611.00	0.158 times
16 Tue Jan 2024	1671.30	1663.40	1714.95	1643.15	0.174 times
15 Mon Jan 2024	1659.35	1696.65	1699.30	1607.10	0.216 times
12 Fri Jan 2024	1685.60	1705.00	1725.45	1656.10	0.288 times
11 Thu Jan 2024	1705.25	1747.00	1808.00	1640.00	1.913 times
10 Wed Jan 2024	1709.05	1540.00	1750.00	1526.00	2.441 times
09 Tue Jan 2024	1538.35	1526.60	1557.95	1515.00	0.551 times
08 Mon Jan 2024	1509.50	1472.00	1580.00	1470.10	2.086 times
05 Fri Jan 2024	1452.80	1354.35	1493.30	1344.00	2.023 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1642, but if it comes below 1642, then a intra day sell could be more profitable.
If you take a sell trade below 1642, then use 1642 as stoploss and 1462.33 as target. However if you take a buy trade in stock , then use 1642 as stoploss and 1857.6 as target.

Share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Target	1018.00
Downside Target	1137.05
Downside Target	1177.45
Downside Target	1215.00
Downside Target	1285.00
Downside Target	1324.30
Downside Target	1378.80
Downside Target	1470.10
Downside Target	1493.30
Downside Target	1550.00
Upside Target	1714.95
Upside Target	1808.00

Intraday share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Intraday Target	1567.45
Downside Intraday Target	1476.25
Upside Intraday Target	1732.4
Upside Intraday Target	1806.15
Downside Intraday Target	1641.2

Weekly technical analysis of Olectra Greentech (OLECTRA)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	1658.65	1696.65	1714.95	1550.00	0.096 times
12 Fri Jan 2024	1685.60	1472.00	1808.00	1470.10	1.946 times
05 Fri Jan 2024	1452.80	1349.00	1493.30	1327.40	1.671 times
29 Fri Dec 2023	1346.80	1234.70	1378.80	1226.05	2.261 times
22 Fri Dec 2023	1229.10	1290.00	1324.30	1181.25	0.688 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Olectra Greentech (OLECTRA)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	1658.65	1349.00	1808.00	1327.40	2.139 times
29 Fri Dec 2023	1346.80	1201.60	1378.80	1177.45	1.698 times
30 Thu Nov 2023	1194.25	1144.00	1338.00	1137.05	2.354 times
31 Tue Oct 2023	1139.25	1200.85	1215.00	1018.00	0.615 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Olectra Greentech (OLECTRA)

Price action analysis of Olectra Greentech ( (OLECTRA) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Olectra Greentech ( (OLECTRA) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Olectra Greentech ( (OLECTRA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Olectra Greentech ( (OLECTRA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Olectra Greentech stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Olectra Greentech in short term and the buy signal is strong.

Olectra Greentech Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Olectra Greentech in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Olectra Greentech is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1601.78 and Olectra Greentech (OLECTRA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Olectra Greentech (OLECTRA) stock. Volume based technical analysis of Olectra Greentech (OLECTRA) stock is negative.

Olectra Greentech Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.