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Olectra Greentech shares zoom 11% to hit one-year high; what's next on technical charts?

Olectra Greentech share price: On technical setup, the counter was trading higher than the 5-day, 10-, 20-, 30-, 50-, 100-, 150- and 200-day simple moving averages (SMAs). The counter's 14-day relative strength index (RSI) came at 73.51. A level below 30 is defined as oversold while a value above 70 is considered overbought.
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Olectra Greentech shares slip 14% from one-year high level; what's next for this multibagger stock?

As of September 2023, promoters held 50.02 per cent stake in the company. It is a subsidiary of Megha Engineering and Infrastructures Ltd (MEIL) and manufactures electric buses in India. Olectra is also India's largest silicone rubber/composite insulators manufacturer for power transmission and distribution networks. ....

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Olectra Greentech shares zoom 150% in 2023; what's next: Rs 1,400 or Rs 1,200?

Olectra Greentech share price: Brokerage Geojit has recommended an 'Accumulate' call on the counter with a target price of Rs 1,351. "Olectra is diligently working towards its new Greenfield EV manufacturing facility, which is expected to operational by Q4, with an annual capacity outlay of 5,000 vehicles," it noted.
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