OLAELEC - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.9
| Stock Code | OLAELEC | Market Cap | 17,299 Cr. | Current Price | 39.2 ₹ | High / Low | 71.2 ₹ |
| Book Value | 24.8 ₹ | Dividend Yield | 0.00 % | ROCE | -0.21 % | ROE | -1.03 % |
| Face Value | 10.0 ₹ | DMA 50 | 34.4 ₹ | DMA 200 | 39.4 ₹ | Chg in FII Hold | -0.08 % |
| Chg in DII Hold | -0.27 % | PAT Qtr | -55.8 Cr. | PAT Prev Qtr | -31.6 Cr. | RSI | 62.8 |
| MACD | 1.01 | Volume | 14,53,63,511 | Avg Vol 1Wk | 10,39,50,167 | Low price | 21.2 ₹ |
| High price | 71.2 ₹ | Debt to equity | 0.03 | 52w Index | 36.0 % | Qtr Profit Var | -0.22 % |
| EPS | -0.26 ₹ | Industry PE | 28.0 |
📊 Optimal Buy Price (Intraday): ₹38–39 (near 50 DMA support at ₹34.4 with momentum confirmation)
🎯 Profit-Taking Levels: ₹42–44 (short-term resistance zone near 200 DMA at ₹39.4)
🛡️ Stop-Loss / Loss Protection: ₹36–37 (below intraday support zone)
⏱️ Exit Strategy (If Already Holding): Exit if price fails to sustain above ₹37 with rising volume, or book profits if RSI approaches 66–68 and momentum flattens. Extend trades only if breakout above ₹44 occurs with strong intraday volume.
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### Positive
- RSI at 62.8 indicates moderate bullish momentum.
- MACD positive (1.01) suggests short-term upward bias.
- Current price (₹39.2) trading above 50 DMA (₹34.4), showing near-term strength.
- Debt-to-equity at 0.03 reflects very low leverage risk.
- Intraday volume (14.5 Cr.) significantly above weekly average (10.3 Cr.), showing strong speculative interest.
### Limitation
- ROCE (-0.21%) and ROE (-1.03%) are negative, reflecting poor efficiency.
- EPS (-₹0.26) remains negative, highlighting lack of profitability.
- PAT worsened sequentially (-₹31.6 Cr. → -₹55.8 Cr.), showing deteriorating financials.
- No dividend yield, limiting investor appeal.
- Valuation cannot be assessed due to negative earnings (no valid P/E).
### Company Negative News
- FII holding decreased (-0.08%) and DII holding decreased (-0.27%), showing reduced institutional confidence.
- Quarterly profit variation (-0.22%) reflects persistent losses.
### Company Positive News
- Strong intraday volume suggests speculative interest.
- Trading above 50 DMA indicates short-term support.
### Industry
- EV sector remains growth-oriented but highly speculative.
- Industry PE at 28.0 highlights premium valuations compared to OLAELEC’s loss-making status.
### Conclusion
OLAELEC is a speculative intraday candidate with overheated momentum and weak fundamentals. Suitable only for disciplined scalping between ₹38–44 with strict stop-loss at ₹37. Avoid aggressive positions unless breakout above ₹44 is confirmed with strong volume; risk remains high due to persistent losses.
Would you like me to extend this into a peer benchmarking HTML overlay comparing OLAELEC’s intraday setup against Tata Motors EV, Mahindra Electric, and Ashok Leyland EV for sector-relative positioning?