“Olectra Greentech at Key Resistance – Make or Break Zone”

📊 Technical View 1️⃣ Price Setup: Stock is trading at ₹1,542, inching close to a major resistance zone at ₹1,585. This level has acted as supply zone in Nov–Dec 2024, and the stock is now retesting it after a strong rally. 2️⃣ Trend Strength: Higher lows formation since June 2025. 200-day EMA support at ₹1,106, much below CMP → confirms long-term uptrend intact. 3️⃣ Volume Action: Volumes have picked up during the recent upmove, showing accumulation before breakout. 4️⃣ Levels to Watch: Breakout Zone: ₹1,585 → if crossed with volume, potential upside towards ₹1,750–1,800. Support Zones: ₹1,480 (short-term), ₹1,410 (swing low), ₹1,106 (200EMA).