OLAELEC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | OLAELEC | Market Cap | 16,126 Cr. | Current Price | 36.6 ₹ | High / Low | 71.2 ₹ |
| Book Value | 25.0 ₹ | Dividend Yield | 0.00 % | ROCE | 0.59 % | ROE | -0.58 % |
| Face Value | 10.0 ₹ | DMA 50 | 32.4 ₹ | DMA 200 | 40.1 ₹ | Chg in FII Hold | -0.08 % |
| Chg in DII Hold | -0.27 % | PAT Qtr | -32.0 Cr. | PAT Prev Qtr | -14.0 Cr. | RSI | 58.2 |
| MACD | 2.32 | Volume | 6,39,29,075 | Avg Vol 1Wk | 6,73,07,370 | Low price | 21.2 ₹ |
| High price | 71.2 ₹ | Debt to equity | 0.04 | 52w Index | 30.7 % | Qtr Profit Var | -197 % |
| EPS | -0.26 ₹ | Industry PE | 31.2 |
Chart Patterns & Moving Averages: OLAELEC is trading above its 50 DMA (₹32.4) but below its 200 DMA (₹40.1), showing short-term recovery but weak long-term structure. Price action is consolidating between ₹34–₹40 with resistance near ₹40–₹42.
RSI & Momentum: RSI at 58.2 indicates moderate momentum. MACD at 2.32 is bullish, suggesting short-term upward bias.
Bollinger Bands: Price is mid-band, showing balanced volatility with potential for continuation if volume sustains.
Volume Trends: Current volume (6.39 Cr) is slightly below average (6.73 Cr), indicating reduced participation compared to recent activity.
Entry/Exit Zones:
- **Entry:** ₹34–₹36 (near support zone)
- **Exit:** ₹40–₹42 (resistance zone)
- **Stop-loss:** ₹32 (below DMA 50 support)
Trend Status: Consolidation with speculative bullish bias; weak fundamentals limit sustainability.
Positive
- Price recovery from 52-week low (₹21.2) to current levels.
- Trading above 50 DMA, showing short-term strength.
- Very low debt-to-equity ratio (0.04).
Limitation
- Weak ROCE (0.59%) and negative ROE (-0.58%).
- EPS negative (-₹0.26).
- No dividend yield.
- PEG ratio unavailable, limiting growth visibility.
- Trading below 200 DMA, showing weak long-term trend.
Company Negative News
- PAT worsened from -₹14 Cr to -₹32 Cr.
- Quarterly profit variation down (-197%).
- FII holding decreased (-0.08%) and DII holding decreased (-0.27%).
Company Positive News
- Strong liquidity and speculative trading support.
- Price recovery from lows indicates investor interest.
- EV sector demand outlook remains favorable.
Industry
- Industry PE at 31.2, but OLAELEC has no meaningful P/E due to losses.
- EV sector supported by government incentives and rising adoption.
- Competitive peers with stronger fundamentals.
Conclusion
OLAELEC is a speculative swing trade candidate with short-term momentum but very weak fundamentals. Entry near ₹34–₹36 offers upside toward ₹40–₹42, but strict stop-loss discipline is essential. Long-term investors should remain cautious until profitability stabilizes.
This HTML report highlights OLAELEC’s speculative momentum with weak fundamentals. Would you like me to add a sector overlay comparing OLAELEC with peers like Tata Motors EV and Olectra to benchmark its relative strength?