OLECTRA bull flagwait for this to break 650 and hold
wth stops 20-30 rupees under 650
this likely gives 650 ---> 850 trade
OLECTRA trade ideas
OLECTRA : Whats next Based on news from Olectra --
Received contract for 1100 Busses for 2400 + 10-year maintenance project.
Keep an eye on this - and trade carefully.
Please do your own research.
Bullish OLECTRABuy = 342.05
SL = 316.9
Target 1 = 392.35
Target 2 = 417.5
8Sep2021
Bullish OLECTRA OLECTRA Greentech
Buy for short term
Long Olectra Greentech RSI Above 60 on Monthly and Weekly showing strong upside momentum.
Positive Reversal Pattern on RSI
No Overhead Resistance
Strong Outperformance relative to Broad Market (CNX500)
Stop Loss Trigger: 390
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Risk Disclosure
DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures , stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains.
If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
Bullish OLECTRABuy = 342.05
SL = 316.9
Target 1 = 392.35
Target 2 = 417.5
8Sep2021
Bullish OLECTRA OLECTRA Greentech
Buy for short term
olectra greentechProducts of the company include:
POWER UTILITIES
25 KV RAILWAY TRACTION
The company also has interest in BPO and Software Solutions
The products of the company are certified by CPRI, ERDA, VIMTAS LABS, CESI, Shriram Institute and Indian Institute of Science and are approved by Indian Railways, DMRC, PGCIL, CSEB, JVNL, KSEB, UPCL and many more.
Future plans
The company has ambitious plans to manufacture and develop value added products in the Power sector & Railways, featuring exclusive characteristics that exceed all the present requirements of the utility business around the world at most competitive pricing.
Recent developments
Goldstone Infratech has received order from the High Court of Judicature of Andhra Pradesh at Hyderabad, for the proposed scheme of amalgamation of Shree Shree Telecom Pvt Ltd and Newtech Stewing Telecom Ltd and Sun Plast-O-Met Ltd with the company.
OLECTRA GREENTECH CASH CHARTBUY RANGE-171-184
STOP LOSS-OWN
TARGET-245/300/400
NOTE=TIME HORIZON IS 1-1.5 YEARS
ADD ON EVERY DIP IS ADVISABLE.
Channel Break out with Huge Volume Spikei can see Channel Break out with Huge Volume Spike
cmp 117
Target 140,180++
SL 97
