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THREETREND RESEARCH

16th Apr · SEBI-Registered Analyst

OLAELEC
The next important swing high is near ₹47. This level acts as a key resistance zone because previous selling pressure started from there. If the stock gives a strong breakout above ₹47 with good volume and sustains above it, then the current bearish structure may weaken and trend sentiment can turn positive. After breakout, ₹47 can become new support, while failure to cross it may keep the stock in a sideways to weak trend.

#TechnicalViews
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