Saurabh Chandrakar Analysis For OLECTRAGREEN Net Worth, Breakout, Support, Levels


Olectra Greentech Ltd stands as a pioneer in India’s electric bus manufacturing and insulator industries. Through its innovative endeavors, OGL has played a significant role in the development of power transmission and distribution infrastructure across the nation.

Driven by a vision to support the environment, Olectra has embarked on a new phase of innovation, developing cutting-edge solutions for society’s benefit. In line with its mission, Olectra has embraced a growth trajectory focused on advancing green technology for the modern age.

OLECTRAGREEN Support, Breakout, Levels


The overall trend for Olectra Greentech seems to be upward in the short term. The price has been making higher highs and higher lows since the beginning of February.
However, looking at the 1-month timeframe, the trend is more neutral. The price has been fluctuating within a range of ₹1800 and ₹2100.

There is potential support around ₹2000. The price has bounced off this level twice in the past few days.

    Key resistance levels include:

  1. ₹2100: The price has tested this level multiple times in the past month but hasn’t been able to break above it consistently.
  2. ₹2200: This is a psychological level and could act as resistance if the price reaches it.
  3. Key support levels include:
  4. ₹2000, as mentioned earlier.
  5. ₹1900: The price bounced off this level in early February.


There is not a clear breakout in the image. The price has recently moved above ₹2000, but it’s still within the recent trading range.

  Other observations:

The trading volume has been increasing recently, which could be a sign of increased interest in the stock.
The news headline at the bottom of the image mentions the Indian government’s plan to encourage electric bus adoption, which could be positive for Olectra Greentech as a manufacturer of electric buses.

Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.

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