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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 2024-08-16 View latest technical analysis

10 day averaged volume of Olectra Greentech is 1304188

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	1608.40	1659.10	1663.70	1600.00	0.537 times
14 Wed Aug 2024	1642.70	1669.90	1691.35	1627.55	0.718 times
13 Tue Aug 2024	1653.40	1615.00	1742.00	1611.90	5.814 times
12 Mon Aug 2024	1542.95	1550.00	1560.00	1527.55	0.462 times
09 Fri Aug 2024	1562.10	1574.40	1583.65	1560.00	0.279 times
08 Thu Aug 2024	1554.40	1586.00	1594.00	1550.65	0.351 times
07 Wed Aug 2024	1583.40	1594.00	1594.00	1550.30	0.402 times
06 Tue Aug 2024	1557.45	1584.00	1629.70	1550.50	0.527 times
05 Mon Aug 2024	1592.85	1605.45	1639.15	1581.05	0.948 times
02 Fri Aug 2024	1677.55	1678.00	1689.70	1657.40	0.273 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1588.5 as stoploss in an intra day buy trade for a target of 1657.81. However, stock will show a bearish move below 1588.5.

Share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Target	1458.50
Downside Target	1527.55
Downside Target	1591.65
Upside Target	1718.10
Upside Target	1742.00
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	1509.97
Downside Intraday Target	1411.53
Upside Intraday Target	1724.42
Upside Intraday Target	1840.43
Upside Intraday Target	1625.98

Weekly technical analysis of Olectra Greentech (OLECTRA)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	1608.40	1550.00	1742.00	1527.55	3.004 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Olectra Greentech (OLECTRA)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	1608.40	1716.40	1742.00	1527.55	0.701 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 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 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 BUY. Signal strength is Weak 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 below the red 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

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 1626.96 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.