📊 Olectra Greentech Ltd – Rising Channel Breakout Momentum
The stock is showing a strong bullish recovery with price moving inside a Rising Channel, indicating steady buying interest and trend continuation.
🔎 Technical Observations:
• Sharp reversal from bottom with strong bullish candles
• Formation of Rising Channel (higher highs & higher lows)
• Price sustaining above key support zones
• Breakout near upper channel resistance
• Momentum indicators trending bullish
🔑 Key Levels to Watch:
• Immediate Support: ₹1,230 – ₹1,200
• Major Support: ₹1,150 – ₹1,100
• Immediate Resistance: ₹1,280 – ₹1,320
🚀 Upside Targets:
• ₹1,380
• ₹1,450
• ₹1,550+
📉 Risk Scenario:
Breakdown below ₹1,200 may weaken the bullish structure and lead to downside towards ₹1,150
📈 Trading View:
👉 Stock is in a strong uptrend within Rising Channel
👉 Sustained move above ₹1,320 can trigger fresh breakout rally
👉 Trend remains bullish until channel support holds
⚠️ For educational purposes only.
— AALGO BREATHS 📊