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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 2024-05-23 View latest technical analysis

10 day averaged volume of Olectra Greentech is 720156

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	1808.70	1808.00	1839.00	1798.60	1.254 times
22 Wed May 2024	1793.95	1706.30	1805.20	1700.00	4.002 times
21 Tue May 2024	1704.25	1700.00	1725.00	1694.85	0.528 times
18 Sat May 2024	1722.20	1697.00	1730.00	1693.10	0.19 times
17 Fri May 2024	1694.55	1708.00	1709.40	1688.20	0.4 times
16 Thu May 2024	1694.00	1725.10	1728.80	1681.45	0.559 times
15 Wed May 2024	1709.70	1637.00	1726.40	1635.15	1.632 times
14 Tue May 2024	1629.20	1634.95	1666.85	1621.10	0.73 times
13 Mon May 2024	1624.95	1605.00	1631.75	1560.00	0.971 times
10 Fri May 2024	1609.25	1619.70	1639.00	1591.15	0.479 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1832.4, for a target of 1760.3 or 1700.16

Share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Target	1327.40
Downside Target	1560.00
Downside Target	1694.85
Downside Target	1777.35
Downside Target	1808.00
Upside Target	1822.00
Upside Target	1839.00
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	1722.7
Downside Intraday Target	1636.7
Upside Intraday Target	1866.85
Upside Intraday Target	1925
Downside Intraday Target	1780.85

Weekly technical analysis of Olectra Greentech (OLECTRA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	1808.70	1700.00	1839.00	1694.85	1.29 times
18 Sat May 2024	1722.20	1605.00	1730.00	1560.00	1.572 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

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
23 Thu May 2024	1808.70	1729.20	1839.00	1560.00	0.545 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 up 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 to mid 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 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 BUY. Signal strength is Strong and stock is gaining 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 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 red color and prices are in or above the red cloud Prices appear to be moving up

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 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 1733.61 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 negative.

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