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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 2024-05-16 View latest technical analysis

10 day averaged volume of Olectra Greentech is 531770

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	1694.00	1725.10	1728.80	1681.45	0.757 times
15 Wed May 2024	1709.70	1637.00	1726.40	1635.15	2.21 times
14 Tue May 2024	1629.20	1634.95	1666.85	1621.10	0.988 times
13 Mon May 2024	1624.95	1605.00	1631.75	1560.00	1.315 times
10 Fri May 2024	1609.25	1619.70	1639.00	1591.15	0.649 times
09 Thu May 2024	1613.35	1642.00	1655.00	1605.00	0.69 times
08 Wed May 2024	1641.80	1634.50	1663.10	1623.10	0.732 times
07 Tue May 2024	1634.50	1682.45	1688.80	1625.00	0.892 times
06 Mon May 2024	1675.35	1718.00	1718.90	1657.10	0.897 times
03 Fri May 2024	1710.10	1732.65	1742.00	1702.00	0.791 times

My analysis of stock is bearish for shortterm, and stock might move down till 1644.9 or till 1570.1. Use a stoploss of 1707.32 and if the stock hits stoploss, then it can shoot up till 1769.69

Share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Target	1327.40
Downside Target	1560.00
Upside Target	1700.10
Upside Target	1744.00
Upside Target	1777.35
Upside Target	1808.00
Upside Target	1822.00
Upside Target	1822.95
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	1593.07
Downside Intraday Target	1492.13
Upside Intraday Target	1761.87
Upside Intraday Target	1829.73
Downside Intraday Target	1660.93

Weekly technical analysis of Olectra Greentech (OLECTRA)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	1694.00	1605.00	1728.80	1560.00	1.365 times
10 Fri May 2024	1609.25	1718.00	1718.90	1591.15	1.059 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

Price has moved up 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
16 Thu May 2024	1694.00	1729.20	1744.00	1560.00	0.302 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 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Olectra Greentech in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 1661.14 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 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.