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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 2024-08-12 View latest technical analysis

10 day averaged volume of Olectra Greentech is 527408

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	1542.95	1550.00	1560.00	1527.55	1.144 times
09 Fri Aug 2024	1562.10	1574.40	1583.65	1560.00	0.691 times
08 Thu Aug 2024	1554.40	1586.00	1594.00	1550.65	0.867 times
07 Wed Aug 2024	1583.40	1594.00	1594.00	1550.30	0.995 times
06 Tue Aug 2024	1557.45	1584.00	1629.70	1550.50	1.303 times
05 Mon Aug 2024	1592.85	1605.45	1639.15	1581.05	2.345 times
02 Fri Aug 2024	1677.55	1678.00	1689.70	1657.40	0.676 times
01 Thu Aug 2024	1695.40	1716.40	1717.95	1690.00	0.553 times
31 Wed Jul 2024	1709.10	1718.00	1730.75	1706.00	0.633 times
30 Tue Jul 2024	1714.45	1707.90	1757.00	1700.00	1.208 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1598.2, but if it comes above 1598.2, then a intra day buy could be more profitable.
If you take a sell trade below 1598.2, then use 1598.2 as stoploss and 1497.6 as target. However if you take a buy trade in stock , then use 1598.2 as stoploss and 1681.94 as target.

Share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Target	1458.50
Downside Target	1527.55
Upside Target	1591.65
Upside Target	1717.95
Upside Target	1718.10
Upside Target	1757.00
Upside Target	1778.10
Upside Target	1842.55
Upside Target	1865.00
Upside Target	1892.00
Upside Target	1960.00
Upside Target	2011.75

Intraday share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Intraday Target	1527
Downside Intraday Target	1511.05
Upside Intraday Target	1559.45
Upside Intraday Target	1575.95
Upside Intraday Target	1543.5

Weekly technical analysis of Olectra Greentech (OLECTRA)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	1542.95	1550.00	1560.00	1527.55	0.184 times
09 Fri Aug 2024	1562.10	1605.45	1639.15	1550.30	1.632 times
02 Fri Aug 2024	1677.55	1709.50	1757.00	1657.40	0.881 times
26 Fri Jul 2024	1707.90	1721.00	1778.10	1615.90	0.952 times
19 Fri Jul 2024	1755.60	1800.10	1842.55	1718.10	0.276 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
12 Mon Aug 2024	1542.95	1716.40	1717.95	1527.55	0.231 times
31 Wed Jul 2024	1709.10	1779.70	1960.00	1615.90	0.972 times
28 Fri Jun 2024	1779.25	1855.00	1892.00	1458.50	1.227 times
31 Fri May 2024	1746.15	1729.20	1865.00	1560.00	0.869 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term but selling 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 1608.91 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.