Buy or Sell: Olectra Greentech (NSE : OLECTRA) Gets 10,000 Crore Order

Buy or Sell: Olectra Greentech Ltd (NSE : OLECTRA) Olectra share price Moved over 19 percent in a single day to touch new 52 week high of 1249 on Friday, 7th July. This rally because of the new order for 5150 electric buses worth 10000 crores.  This electric bus order has received from the Maharashtra state road corporation (MSRTC) including the maintained of these electric buses. All the buses has to be delivered in a period of 24 months. By this Huge order, Net sales increased over 38 percent in this quarter.

We have already suggested this stock at 823 levels on June 11th. You may check our previous analysis on NSE : OLECTRA  . Now we can look in detail, what to do with this stock? We should Buy or Sell or Hold the Olectra Greentech in coming days? For this am sharing the latest Chart and we can see the supports and resistances for this stock. 

Also Bulk deals has been placed by Elixir Wealth Management , Aakraya research, Graviton research capital, NK securities research Bought 38.92 lakhs equity cash shares today. 

Chart Analysis For Olectra Greentech Ltd (NSE : OLECTRA)

Chart Analysis For Olectra Greentech Ltd (NSE : OLECTRA)

When we look in to the current chart levels, share price moved to 1249 from our suggested levels of 823. Now we shouldn't buy this levels, because we can see a profit booking in this stock on coming week. So I suggest to wait before entering in to this stock. We can see supports at 11175,1100 and 1010 levels. So, you can add some quantities at these support levels only. If anyone is holding this stock can hold for more. Also today's closing price can act as a new resistance level for Olectra Greentech Ltd. To get Live Updates, please Join Our Telegram Channel for free.