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(Olectra) Olectra complete technical analysis [charts+indicators] | Buy/Sell Olectra | (Olectra) share price targets

Complete technical analysis of Olectra (Olectra) by charts plus indicators, forecast predictions and share price targets for Olectra (Olectra)

10 day averaged volume of Olectra is 25349

Date Daily Closing Price Open High Low Volume
27 Fri Jan 2023 465.15 494.95 494.95 462.65 2.387 times
25 Wed Jan 2023 485.50 478.90 494.75 470.80 2.506 times
24 Tue Jan 2023 473.15 472.05 479.05 471.15 0.774 times
23 Mon Jan 2023 475.15 480.20 480.20 470.00 1.009 times
20 Fri Jan 2023 474.85 482.00 489.05 473.05 1.218 times
19 Thu Jan 2023 475.00 479.00 482.00 471.35 0.418 times
18 Wed Jan 2023 478.25 497.45 497.45 471.35 1.289 times
17 Tue Jan 2023 487.45 493.65 493.65 486.00 1.039 times
16 Mon Jan 2023 491.20 488.00 497.15 488.00 0.295 times
13 Fri Jan 2023 488.95 494.65 498.10 488.00 0.328 times

Stock of Olectra (Olectra) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 460.3, for a target of 476.7 or 490.42

Share price targets for Olectra (Olectra)

Target Type Value
Downside Target 458.00
Upside Target 486.30
Upside Target 519.25
Upside Target 528.00
Upside Target 546.70
Upside Target 551.20
Upside Target 572.65
Upside Target 578.45
Upside Target 621.55
Upside Target 665.15

Intraday share price targets for Olectra (Olectra)

Target Type Value
Downside Intraday Target 453.55
Downside Intraday Target 441.95
Upside Intraday Target 485.85
Upside Intraday Target 506.55
Upside Intraday Target 474.25

Weekly technical analysis of Olectra (Olectra)

Date Weekly Closing Price Open High Low Volume
27 Fri Jan 2023 465.15 480.20 494.95 462.65 1.567 times
20 Fri Jan 2023 474.85 488.00 497.45 471.35 1.223 times
13 Fri Jan 2023 488.95 502.00 506.90 486.30 0.504 times
06 Fri Jan 2023 498.00 498.00 528.00 491.90 1.947 times
30 Fri Dec 2022 494.40 471.00 519.25 464.15 0.572 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Olectra (Olectra)

Date Monthly Closing Price Open High Low Volume
27 Fri Jan 2023 465.15 498.00 528.00 462.65 0.974 times
30 Fri Dec 2022 494.40 505.10 578.45 464.15 0.543 times
30 Wed Nov 2022 500.10 561.10 572.65 458.00 1.948 times
31 Mon Oct 2022 559.90 592.85 621.55 546.70 0.788 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Olectra (Olectra)

Indicator Name Indicator Value Indicator Signal
ADX 16, 19, 7 Sell
MACD -23, -22Sell
Stochastics 24Sell
CCI -84Sell
RSI 51Buy
OBV -67588Sell
VWAP 477Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Olectra ( (Olectra) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Olectra ( (Olectra) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Olectra ( (Olectra) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Olectra ( (Olectra) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Olectra stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Olectra in short term and the sell signal is strong.

Olectra Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Olectra in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Olectra is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 477.47 and Olectra (Olectra) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Olectra (Olectra) stock. Volume based technical analysis of Olectra (Olectra) stock is negative.

Olectra Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Olectra charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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