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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)

10 day averaged volume of Olectra Greentech is 514322

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 1694.55 1708.00 1709.40 1688.20 0.56 times
16 Thu May 2024 1694.00 1725.10 1728.80 1681.45 0.783 times
15 Wed May 2024 1709.70 1637.00 1726.40 1635.15 2.285 times
14 Tue May 2024 1629.20 1634.95 1666.85 1621.10 1.022 times
13 Mon May 2024 1624.95 1605.00 1631.75 1560.00 1.359 times

My analysis of stock is bearish for shortterm, and stock might move down till 1642.8 or till 1570.1. Use a stoploss of 1703.42 and if the stock hits stoploss, then it can shoot up till 1764.01

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 1593.43
Downside Intraday Target 1492.32
Upside Intraday Target 1762.23
Upside Intraday Target 1829.92
Downside Intraday Target 1661.12

Weekly technical analysis of Olectra Greentech (OLECTRA)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 1694.55 1605.00 1728.80 1560.00 1.506 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, 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
17 Fri May 2024 1694.55 1729.20 1744.00 1560.00 0.318 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

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)

Indicator Name Indicator Value Indicator Signal
ADX 17, 27, 21 Sell
MACD -65, -73Buy
Stochastics 78Buy
CCI 92Sell
RSI 54Buy
OBV -1756525Sell
VWAP 1659Buy
ADL 0Sell
ROC -1Sell
Force Index 0Sell

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 stronger in this stock.

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 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

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 1659.01 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.

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