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Stock analysis Olectra Greentech Limited OLECTRA

More indepth analysis on MunafaSutra.com

Moving Averages for Olectra Greentech Limited

  • 5Day Average: 1592.83
  • 12Day Average: 1574.11
  • 20Day Average: 1578.18
  • 50Day Average: 1642.25
  • 100Day Average: 1694.94
  • 150Day Average: 1755.81
  • 200Day Average: 1691.75

OLECTRA Indicators & signals

Indicator MACD (12,26,9)

1586.86, 1596.21, -21.65
Indicator MACD is in negative zone

Indicator ADX (14)

28.49, 28.52, 15.87
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
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
13 Fri Sep 2024 1625.35 1615.15 to 1663.15 -0.19% 0.95 times
12 Thu Sep 2024 1628.45 1619.40 to 1699.00 0.67% 3.1 times
11 Wed Sep 2024 1617.55 1550.00 to 1672.95 3.55% 3.58 times
10 Tue Sep 2024 1562.15 1544.00 to 1587.40 2.06% 0.5 times
09 Mon Sep 2024 1530.65 1521.00 to 1547.50 -1.02% 0.31 times
06 Fri Sep 2024 1546.40 1543.00 to 1567.00 -1.01% 0.27 times
05 Thu Sep 2024 1562.10 1558.05 to 1580.95 0.1% 0.34 times
04 Wed Sep 2024 1560.50 1532.55 to 1584.00 -0.84% 0.5 times
03 Tue Sep 2024 1573.75 1545.30 to 1582.65 1.35% 0.51 times
02 Mon Sep 2024 1552.75 1546.15 to 1569.55 -0.59% 0.44 times
30 Fri Aug 2024 1561.90 1558.05 to 1581.65 -0.38% 0.44 times
29 Thu Aug 2024 1567.80 1561.55 to 1597.15 0% 0.54 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 trade for tomorrow is selective. Take a BUY trade only if Olectra Greentech Limited stays above 1615.3, but if it comes below 1615.3, then a intra day sell could be more profitable.
If you take a sell trade below 1615.3, then use 1615.3 as stoploss and 1589.09 as target. However if you take a buy trade in Olectra Greentech Limited, then use 1615.3 as stoploss and 1646.7 as target.

More indepth analysis on MunafaSutra.com