OLAELEC - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.8
| Stock Code | OLAELEC | Market Cap | 13,670 Cr. | Current Price | 31.0 ₹ | High / Low | 77.0 ₹ |
| Book Value | 25.0 ₹ | Dividend Yield | 0.00 % | ROCE | 0.59 % | ROE | -0.58 % |
| Face Value | 10.0 ₹ | DMA 50 | 37.3 ₹ | DMA 200 | 47.8 ₹ | Chg in FII Hold | 0.84 % |
| Chg in DII Hold | 0.50 % | PAT Qtr | -14.0 Cr. | PAT Prev Qtr | -11.0 Cr. | RSI | 33.1 |
| MACD | -1.89 | Volume | 6,98,71,077 | Avg Vol 1Wk | 5,61,02,945 | Low price | 30.5 ₹ |
| High price | 77.0 ₹ | Debt to equity | 0.04 | 52w Index | 1.22 % | Qtr Profit Var | -27.3 % |
| EPS | -0.11 ₹ | Industry PE | 30.0 |
📊 Analysis: OLAELEC is trading at ₹31.0, well below its 50 DMA (₹37.3) and 200 DMA (₹47.8), showing a weak technical structure. RSI at 33.1 indicates oversold conditions, but MACD (-1.89) confirms bearish momentum. Volume is higher than the weekly average, suggesting speculative intraday activity. The stock is highly volatile and risky for intraday trading, suitable only for disciplined traders with strict stop-loss management.
💡 Optimal Buy Price: ₹30.5–31.0 (near support zone, speculative entry).
🎯 Profit-Taking Levels: ₹32.5–33.0 (first resistance), ₹34.5 (secondary resistance if momentum improves).
🛡️ Stop-Loss / Loss Protection: ₹29.5 (below intraday support).
⏱️ If Already Holding: Exit near ₹32.5–33.0 if momentum stalls. If price sustains above ₹34.5 with strong volume, hold for further upside. Exit immediately if price breaks below ₹29.5 with heavy selling pressure.
Positive
- High trading volume indicates strong intraday participation.
- Low debt-to-equity ratio (0.04) shows minimal leverage risk.
- FII (+0.84%) and DII (+0.50%) holdings increased, reflecting institutional interest.
Limitation
- Stock trading far below both 50 DMA and 200 DMA indicates weak trend.
- Negative ROE (-0.58%) and very low ROCE (0.59%) show poor capital efficiency.
- EPS at -₹0.11 reflects losses.
Company Negative News
- Quarterly PAT loss widened to -₹14 Cr. vs -₹11 Cr. previously.
- Quarterly profit variation at -27.3% shows worsening financials.
- No dividend yield, reducing investor attractiveness.
Company Positive News
- Institutional investors (FII & DII) increased holdings, showing confidence despite losses.
- Book value at ₹25 provides some margin of safety relative to current price.
Industry
- Industry PE at 30.0 highlights sector optimism, though OLAELEC lacks profitability to match peers.
- EV sector remains growth-oriented, supported by government incentives and rising adoption trends.
Conclusion
⚖️ OLAELEC is a speculative intraday candidate with weak fundamentals and bearish technicals. Entry near ₹30.5–31.0 with exit around ₹32.5–33.0 is advisable for short-term traders. Momentum remains fragile, so aggressive trades should be avoided. Strict stop-loss at ₹29.5 is essential to manage risk.