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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 2024-05-06 View latest technical analysis

10 day averaged volume of Olectra Greentech is 848717

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	1675.35	1718.00	1718.90	1657.10	0.562 times
03 Fri May 2024	1710.10	1732.65	1742.00	1702.00	0.495 times
02 Thu May 2024	1722.25	1729.20	1744.00	1719.00	0.524 times
30 Tue Apr 2024	1726.70	1746.10	1756.45	1715.00	0.562 times
29 Mon Apr 2024	1735.35	1760.05	1777.35	1726.75	0.703 times
26 Fri Apr 2024	1745.30	1631.00	1769.00	1591.65	3.209 times
25 Thu Apr 2024	1807.80	1784.50	1815.80	1774.00	0.969 times
24 Wed Apr 2024	1775.25	1780.00	1822.00	1728.05	1.314 times
23 Tue Apr 2024	1768.00	1807.00	1818.00	1750.25	0.938 times
22 Mon Apr 2024	1796.75	1771.40	1810.00	1766.10	0.717 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1720.5, but if it comes above 1720.5, then a intra day buy could be more profitable.
If you take a sell trade below 1720.5, then use 1720.5 as stoploss and 1640.2 as target. However if you take a buy trade in stock , then use 1720.5 as stoploss and 1787.48 as target.

Share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Target	1327.40
Downside Target	1560.10
Downside Target	1591.65
Downside Target	1657.10
Upside Target	1700.10
Upside Target	1815.00
Upside Target	1822.00
Upside Target	1822.95
Upside Target	1934.70
Upside Target	2011.50
Upside Target	2011.75
Upside Target	2221.95

Intraday share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Intraday Target	1648.67
Downside Intraday Target	1621.98
Upside Intraday Target	1710.47
Upside Intraday Target	1745.58
Upside Intraday Target	1683.78

Weekly technical analysis of Olectra Greentech (OLECTRA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	1675.35	1718.00	1718.90	1657.10	0.246 times
03 Fri May 2024	1710.10	1760.05	1777.35	1702.00	0.32 times
26 Fri Apr 2024	1745.30	1771.40	1822.00	1591.65	1.649 times
19 Fri Apr 2024	1754.25	1755.00	1822.95	1700.10	1.198 times
12 Fri Apr 2024	1826.05	1925.00	1934.70	1815.00	0.611 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
06 Mon May 2024	1675.35	1729.20	1744.00	1657.10	0.071 times
30 Tue Apr 2024	1726.70	1900.95	2011.75	1591.65	0.623 times
28 Thu Mar 2024	1888.55	1978.00	2011.50	1560.10	0.562 times
29 Thu Feb 2024	1966.75	1751.20	2221.95	1713.05	0.828 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Olectra Greentech ( (OLECTRA) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Olectra Greentech ( (OLECTRA) ) based on a short to mid 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 mid to longer 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.

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

MACD generated a SELL signal for Olectra Greentech in short term and the sell signal is strong.

Olectra Greentech Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Olectra Greentech in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1752.49 and Olectra Greentech (OLECTRA) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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