OLAELEC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.4
| Stock Code | OLAELEC | Market Cap | 13,894 Cr. | Current Price | 31.5 ₹ | High / Low | 77.0 ₹ |
| Book Value | 25.0 ₹ | Dividend Yield | 0.00 % | ROCE | 0.59 % | ROE | -0.58 % |
| Face Value | 10.0 ₹ | DMA 50 | 37.8 ₹ | DMA 200 | 48.2 ₹ | Chg in FII Hold | 0.84 % |
| Chg in DII Hold | 0.50 % | PAT Qtr | -14.0 Cr. | PAT Prev Qtr | -11.0 Cr. | RSI | 33.6 |
| MACD | -1.86 | Volume | 4,40,81,415 | Avg Vol 1Wk | 5,90,22,387 | Low price | 30.8 ₹ |
| High price | 77.0 ₹ | Debt to equity | 0.04 | 52w Index | 1.60 % | Qtr Profit Var | -27.3 % |
| EPS | -0.11 ₹ | Industry PE | 27.2 |
📊 Chart & Trend Analysis: OLAELEC is trading at ₹31.5, below its 50 DMA (₹37.8) and 200 DMA (₹48.2), reflecting a bearish structure. RSI at 33.6 indicates the stock is near oversold territory, while MACD (-1.86) confirms weak negative momentum. Bollinger Bands show price hugging the lower band, suggesting selling pressure with limited upside. Current volume (4,40,81,415) is lower than the 1-week average (5,90,22,387), indicating reduced participation.
📈 Momentum Signals: Short-term momentum remains weak, with RSI close to oversold levels. MACD is negative, confirming bearish bias. A reversal signal may emerge only if RSI climbs above 40 and price sustains above ₹35.
💡 Entry Zone: ₹30–₹32 (support zone, oversold levels)
🚪 Exit Zone: ₹38–₹42 (resistance near 50 DMA)
🔎 Trend Status: The stock is consolidating with bearish bias, showing potential reversal only if support holds and RSI recovers.
Positive
- Low debt-to-equity ratio at 0.04 indicates minimal leverage.
- Increase in FII holding (+0.84%) and DII holding (+0.50%) shows institutional interest despite weak fundamentals.
- Book value at ₹25 provides some margin of safety relative to current price.
Limitation
- Negative EPS (-₹0.11) reflects lack of profitability.
- ROCE (0.59%) and ROE (-0.58%) are extremely weak, showing poor efficiency.
- Quarterly PAT remains negative (-₹14 Cr.), worsening from previous quarter (-₹11 Cr.).
- Stock P/E and PEG ratio are not meaningful due to losses.
Company Negative News
- Quarterly profit variation at -27.3% highlights worsening losses.
- No dividend yield, limiting shareholder returns.
Company Positive News
- Institutional investors (FII & DII) have marginally increased holdings, showing cautious optimism.
Industry
- Industry PE at 27.2 highlights sector valuations, but OLAELEC’s losses prevent meaningful comparison.
- EV industry demand remains structurally strong, supported by government incentives and adoption trends.
Conclusion
⚖️ OLAELEC is consolidating with bearish bias, trading below key moving averages and showing weak momentum. Fundamentals remain poor with negative EPS, low ROCE/ROE, and continued losses. Traders may consider entry only near ₹30–₹32 for speculative rebound, with exit targets around ₹38–₹42. Sustained reversal requires profitability improvement and price stability above 50 DMA.
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