OLECTRA technical summary

At ₹976.5, Olectra Greentech Limited is trading 15.5% below its 50-day average of ₹1,155.9 and 18.2% below its 200-day average of ₹1,193.14. The 14-day RSI is 29.8, in oversold territory (30 or below). MACD is -55.88 against a signal line of -54.77, so the MACD line sits below its signal line. ADX(14) reads 39.2, a strong trend reading (25 or above); ADX measures trend strength, not direction. The 52-week range is ₹866.6 to ₹1,573.8, with the price 16% of the way up it. Classic daily pivot levels from the 29 Oct 2026 session: pivot ₹978.83, resistance ₹994.67 and ₹1,004.13, support ₹969.37 and ₹953.53.