Olectra Greentech Trend Analysis
285% rally in 141 days is good enough rally to attract retail traders.
Stay away and thank me later.
As per ABC corrective pattern, Olectra already achieved its target.
I am not expecting any upside in short term.
50% correction coming which can push the price lower towards 700 odd levels
Once peaked at PE of 370, now available at a PE of 172.
Even the forward PE is around 100.
Think about it.
Do your own due diligence before taking any action.
Peace !!
Stay away and thank me later.
As per ABC corrective pattern, Olectra already achieved its target.
I am not expecting any upside in short term.
50% correction coming which can push the price lower towards 700 odd levels
Once peaked at PE of 370, now available at a PE of 172.
Even the forward PE is around 100.
Think about it.
Do your own due diligence before taking any action.
Peace !!
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