OLECTRA - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.2

⚡ Intraday Trade Analysis for OLECTRA

Olectra Greentech presents a strong technical setup for intraday trading today. With bullish momentum, solid price action above key moving averages, and improving institutional interest, the stock is well-positioned for short-term scalping. However, stretched valuation and slightly below-average volume suggest a disciplined approach.

📊 Technical & Momentum Overview

RSI (66.6): Bullish, nearing overbought — momentum is strong but approaching saturation.

MACD (54.0): Strong positive crossover — confirms trend continuation.

Price Action: Trading well above 50 DMA (₹1,481) and 200 DMA (₹1,382), indicating short- and medium-term strength.

Volume: Current volume (6.06L) is below 1-week average (8.45L), suggesting moderate intraday interest.

📈 Fundamental Snapshot

Valuation: P/E of 96.8 vs industry PE of 41.2 — highly overvalued; PEG of 1.74 supports growth premium.

Profitability: ROCE (21.0%) and ROE (14.2%) are solid; EPS is ₹17.2.

Quarterly Profit: Slight dip from ₹24.3 Cr. to ₹22.4 Cr. — not alarming.

Institutional Flow: FII (+0.28%) and DII (+0.03%) holdings increased — positive sentiment.

Debt: Low (0.20) — adds financial resilience.

🎯 Optimal Buy Price for Today

Buy Zone: ₹1,655–₹1,660

Entry near minor support with tight stop-loss. Avoid chasing above ₹1,670 unless volume spikes and RSI remains stable.

💰 Exit Levels for Profit-Taking & Stop-Loss

Strategy Price Level (₹) Rationale

Target 1 1,685 Minor resistance zone

Target 2 1,705 Momentum extension target

Stop-Loss 1,635 Below intraday support

🕒 If You Already Hold OLECTRA Today

Exit on Weakness

Price drops below ₹1,635 with rising volume.

RSI dips below 63 or MACD flattens.

Exit on Strength

Price nears ₹1,685–₹1,705 with declining volume or bearish divergence.

Watch for reversal candles or lower highs on 5-min chart.

This setup favors breakout scalping with tight stops and quick execution. Let me know if you'd like to compare Olectra with other EV or infrastructure stocks showing similar momentum.

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