Stock Radar: Eye on auto space; this smallcap stock has created a strong base around 1000 levels, says Shivangi Sarda

"Olectra stock is moving in a consolidation since a long time and a good base is being formed due to buying at declines which is proving for a good upside move. Traders can buy for a target of Rs 1290 in the next 2-3 weeks," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.