OLECTRA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.1

Here’s a detailed technical analysis of Olectra Greentech Ltd (OLECTRA)

📊 Trend Overview

Status: Trending upward with strong bullish momentum

Price Action: Trading above both 50 DMA and 200 DMA — confirms positive trend

52W Index: At 56.2% of its 52-week high — suggests room for upside

📈 Moving Averages

Indicator Value (₹) Signal

DMA 50 1,259 Bullish (Price > DMA)

DMA 200 1,318 Bullish (Price > DMA)

Price is ~13.6% above DMA 50 and ~8.5% above DMA 200 — confirms strong momentum

📉 Momentum Indicators

Indicator Value Interpretation

RSI 66.6 Bullish — approaching overbought zone

MACD 62.3 Strong Bullish crossover

Volume 6.66L Well below average — suggests low conviction

RSI above 60 indicates strong buying interest

MACD confirms upward momentum, but volume drop warrants caution

📊 Bollinger Bands

Price is near upper band, indicating buying pressure

Watch for pullback if price breaches upper band without volume support

📌 Support & Resistance Zones

Level Price (₹) Strength

Support 1 1,385 Strong

Support 2 1,340 Moderate

Resistance 1 1,470 Moderate

Resistance 2 1,520 Strong

Entry Zone: ₹1,385–₹1,430 (near support)

Exit Zone: ₹1,470–₹1,520 (watch for breakout)

🔍 Short-Term Signals

Golden Cross: Price > DMA 50 & DMA 200 — bullish confirmation

MACD Divergence: Positive — supports continuation

RSI > 60: Indicates momentum building

🧠 Summary

Trend: Bullish

Momentum: Strong

Volume: Weak

Volatility: Moderate

Entry: ₹1,385–₹1,430

Exit: ₹1,470–₹1,520

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