The stock of Olectra Greentech has been rallying since mid-March after it found support at ₹878. After witnessing a price correction recently, the stock now shows that the bulls are regaining traction. Notably, last week, the scrip rebounded from the 50-day moving average at ₹1,187 and has now moved above a key resistance at ₹1,260, opening the door for a further rally. That said, there might be a minor decline, possibly to ₹1,260, before the stock sees the next upswing. We expect the price to rise to ₹1,530 in the near term.

Video Credit: Businessline

Therefore, traders can consider buying Olectra Greentech now at ₹1,319 and accumulate if the price dips to ₹1,260. Place stop-loss at ₹1,160. When the price touches ₹1,400 and ₹1,475, alter the stop-loss to ₹1,320 and ₹1,420 respectively. Exit at ₹1,530.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on June 4, 2026