OLECTRA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | OLECTRA | Market Cap | 10,224 Cr. | Current Price | 1,246 ₹ | High / Low | 1,714 ₹ |
| Stock P/E | 69.7 | Book Value | 137 ₹ | Dividend Yield | 0.03 % | ROCE | 21.0 % |
| ROE | 14.2 % | Face Value | 4.00 ₹ | DMA 50 | 1,119 ₹ | DMA 200 | 1,209 ₹ |
| Chg in FII Hold | 0.21 % | Chg in DII Hold | -0.14 % | PAT Qtr | 47.1 Cr. | PAT Prev Qtr | 52.8 Cr. |
| RSI | 62.6 | MACD | 58.9 | Volume | 6,49,168 | Avg Vol 1Wk | 10,59,848 |
| Low price | 867 ₹ | High price | 1,714 ₹ | PEG Ratio | 1.25 | Debt to equity | 0.28 |
| 52w Index | 44.7 % | Qtr Profit Var | 1.75 % | EPS | 17.9 ₹ | Industry PE | 27.3 |
Chart Patterns & Moving Averages: OLECTRA is trading above its 50 DMA (₹1,119) and 200 DMA (₹1,209), confirming medium-term bullish momentum. Price action shows support near ₹1,200 and resistance around ₹1,300–₹1,350.
RSI & Momentum: RSI at 62.6 indicates strong momentum but approaching overbought territory. MACD at 58.9 is bullish, confirming upward bias.
Bollinger Bands: Price is near the upper band, suggesting stretched valuations and potential short-term pullback.
Volume Trends: Current volume (6.49L) is significantly below average (10.59L), showing reduced participation and possible weakening momentum.
Entry/Exit Zones:
- **Entry:** ₹1,200–₹1,225 (near DMA 200 support)
- **Exit:** ₹1,300–₹1,350 (resistance zone)
- **Stop-loss:** ₹1,180 (below support)
Trend Status: Strong uptrend but approaching overbought levels; consolidation or minor correction possible before next breakout.
Positive
- Strong ROCE (21.0%) and ROE (14.2%).
- EPS at ₹17.9 supports earnings strength.
- PEG ratio at 1.25 indicates fair growth-adjusted valuation.
- Price trading above both DMA 50 and DMA 200 confirms bullish structure.
- FII holding increased (+0.21%).
Limitation
- High P/E (69.7) vs industry average (27.3).
- RSI nearing overbought zone.
- Volume significantly below average, limiting momentum.
- Dividend yield negligible (0.03%).
Company Negative News
- PAT declined from ₹52.8 Cr to ₹47.1 Cr.
- DII holding decreased (-0.14%).
- Valuation stretched compared to peers.
Company Positive News
- FII inflows indicate institutional confidence.
- Strong fundamentals with ROCE above 20%.
- Price recovery from 52-week low (₹867) to current levels.
- EV sector tailwinds support long-term growth.
Industry
- Industry PE at 27.3, much lower than OLECTRA’s valuation.
- EV and renewable energy sector supported by government incentives.
- Competitive peers with stronger liquidity but similar growth potential.
Conclusion
OLECTRA is in a strong uptrend with bullish technical signals, supported by solid fundamentals. However, stretched valuations and weakening volumes suggest caution. Entry near ₹1,200–₹1,225 offers upside toward ₹1,300–₹1,350, but strict stop-loss discipline at ₹1,180 is essential. Best suited for swing trades with risk-managed setups.
This HTML report captures OLECTRA’s bullish momentum with valuation risks. Would you like me to add a peer benchmarking overlay vs Tata Motors EV and Olectra’s sector competitors to highlight relative strength and valuation positioning?