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Stock analysis Olectra Greentech Limited OLECTRA

More indepth analysis on MunafaSutra.com

Moving Averages for Olectra Greentech Limited

  • 5Day Average: 1221.67
  • 12Day Average: 1215.04
  • 20Day Average: 1216.58
  • 50Day Average: 1181.5
  • 100Day Average: 1188.77
  • 150Day Average: 1087.1
  • 200Day Average: 966.8

OLECTRA Indicators & signals

Indicator MACD (12,26,9)

1218.46, 1206.29, 11.85
Indicator MACD is in positive zone

Indicator ADX (14)

39.76, 27.74, 11.96
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of OLECTRA Olectra Greentech Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
11 Mon Dec 2023 1238.40 1227.15 to 1257.00 0.5% 1.03 times
08 Fri Dec 2023 1232.25 1224.00 to 1272.00 -0.11% 1.46 times
07 Thu Dec 2023 1233.65 1208.20 to 1262.30 1.82% 2.22 times
06 Wed Dec 2023 1211.65 1177.45 to 1235.00 1.61% 1.32 times
05 Tue Dec 2023 1192.40 1186.90 to 1210.80 -1.12% 0.75 times
04 Mon Dec 2023 1205.85 1195.50 to 1229.70 0.5% 0.7 times
01 Fri Dec 2023 1199.80 1195.00 to 1215.00 0.46% 0.51 times
30 Thu Nov 2023 1194.25 1188.00 to 1225.30 -1.68% 0.9 times
29 Wed Nov 2023 1214.70 1210.25 to 1234.00 0.09% 0.55 times
28 Tue Nov 2023 1213.65 1204.10 to 1227.00 -0.24% 0.73 times
24 Fri Nov 2023 1216.60 1211.40 to 1254.00 -0.87% 0.86 times
23 Thu Nov 2023 1227.25 1220.05 to 1263.60 -2.48% 1.02 times

Technical analysis forecast of Olectra Greentech Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Olectra Greentech Limited OLECTRA at this time. Stock is rising and might rise more.

It appears as if Olectra Greentech Limited OLECTRA gave a large move recently.

Stock of Olectra Greentech Limited (OLECTRA) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Olectra Greentech Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1241.4 as stoploss in an intra day sell trade for a target of 1211.07. However, stock will show a bullish move above 1241.4.

More indepth analysis on MunafaSutra.com