OLAELEC - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 1.9

⚠️ Intraday Trading Analysis for OLAELEC

OLA Electric (OLAELEC) currently presents a high-risk and weak setup for intraday trading. Despite massive volume and some foreign interest, the stock is technically and fundamentally distressed, with negative profitability and poor price action.

❌ Bearish Indicators

ROCE (-28.1%) & ROE (-108%): Deeply negative — unsustainable operations.

EPS (-₹5.34) & PAT Qtr (-₹428 Cr): Consistent losses.

Price < 50-DMA (₹45) & 200-DMA (₹61): Strong downtrend.

MACD (-0.91): Bearish momentum.

RSI (45.9): Below neutral — no strength.

Volume (7.35 Cr) < Avg Vol (14.54 Cr): Declining interest.

Qtr Profit Var (-32.1%): Worsening financials.

52w Index (1.81%): Near yearly lows — sentiment extremely weak.

✅ Minor Positives

FII Holding ↑ (+1.58%): Foreign interest building.

Debt-to-Equity (0.69): Moderate leverage.

High Liquidity: Large volume allows entry/exit flexibility.

🔹 Intraday Strategy

📌 If Entering Fresh Today

Avoid Entry unless speculative bounce is confirmed.

If attempting a high-risk scalp trade

Buy Price: ₹40.5–₹41.0 (near intraday support)

Target 1: ₹43.0 (minor resistance)

Target 2: ₹44.5 (if volume surges midday)

Stop-Loss: ₹39.5 (tight risk control)

📌 If Already Holding Today

Exit Triggers

RSI fails to cross 48–50 by midday

MACD continues negative slope

Price fails to hold above ₹41.5–₹42.0 zone

Volume fades below 6 Cr by mid-session

🧠 Final Thoughts

OLAELEC is not a suitable intraday candidate for most traders today. The stock is in a steep downtrend with poor fundamentals and weak technicals. If you're holding, consider exiting on any bounce unless momentum and volume show clear recovery. This setup is more appropriate for speculative or contrarian traders with strict risk management.

Would you like to explore EV sector stocks with stronger technical setups and positive earnings?

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