OLECTRA - IntraDay Trade Analysis with Live Signals

Last Updated Time : 05 Nov 25, 7:43 am

Html

Copy

IntraDay Trade Rating: 3.4

💹 Optimal Buy Price: ₹1,500–₹1,510 (near 50 DMA and short-term support)

🎯 Profit Target: ₹1,535–₹1,550 (resistance zone below recent swing highs)

🛡️ Stop Loss: ₹1,485 (below 50 DMA and psychological support)

📊 Exit Strategy if Already Holding: Consider exiting near ₹1,545 if RSI approaches 56 and MACD flattens. Watch for price rejection near ₹1,550 and volume divergence.

✅ Positive

• 📈 ROCE of 21.0% and ROE of 14.2% reflect solid operational efficiency
• 📉 Debt-to-equity ratio of 0.20 shows manageable leverage
• 📈 EPS of ₹17.2 and PEG ratio of 1.58 suggest reasonable valuation for growth
• 📊 FII holding increased by 1.38%, indicating foreign investor confidence
• 📈 Trading above both 50 DMA and 200 DMA confirms technical support

⚠️ Limitation

• 📉 MACD at -6.72 indicates weakening momentum
• 📉 RSI at 52.4 suggests neutral momentum, lacking strong intraday conviction
• 📉 Volume today (4.23L) is below 1-week average (5.07L)
• 📉 High P/E of 88.0 vs industry average of 34.4 suggests premium valuation
• 📉 PAT declined slightly from ₹24.3 Cr to ₹22.4 Cr

🚫 Company Negative News

• 📉 No major negative news reported recently

📢 Company Positive News

• 📈 Quarterly profit variation of 7.96% shows stable earnings performance
• 📊 Price action near 52-week high (73.1% index) signals strength in trend

🏭 Industry

• 🚍 OLECTRA operates in the electric mobility and commercial EV sector, benefiting from government incentives and sustainability trends
• 📈 Industry P/E of 34.4 supports long-term valuation potential for growth-oriented players

🧾 Conclusion

📌 OLECTRA presents a moderately favorable intraday setup with strong fundamentals and institutional support, but weak momentum and low volume limit conviction. Traders may consider entering near ₹1,505 with a target of ₹1,545 and stop loss at ₹1,485. If already holding, monitor RSI and MACD for exit signals near resistance.

I can also compare OLECTRA’s intraday setup with peers like JBM Auto or Tata Motors EV division to help you spot sharper trade opportunities.