OLAELEC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | OLAELEC | Market Cap | 15,874 Cr. | Current Price | 36.0 ₹ | High / Low | 71.2 ₹ |
| Book Value | 24.8 ₹ | Dividend Yield | 0.00 % | ROCE | -0.21 % | ROE | -1.03 % |
| Face Value | 10.0 ₹ | DMA 50 | 33.9 ₹ | DMA 200 | 39.5 ₹ | Chg in FII Hold | -0.08 % |
| Chg in DII Hold | -0.27 % | PAT Qtr | -55.8 Cr. | PAT Prev Qtr | -31.6 Cr. | RSI | 53.3 |
| MACD | 0.70 | Volume | 8,49,03,563 | Avg Vol 1Wk | 9,51,35,435 | Low price | 21.2 ₹ |
| High price | 71.2 ₹ | Debt to equity | 0.03 | 52w Index | 29.6 % | Qtr Profit Var | -0.22 % |
| EPS | -0.26 ₹ | Industry PE | 27.3 |
📊 Chart Analysis: OLAELEC trades at ₹36.0, slightly above its 50 DMA (₹33.9) but below the 200 DMA (₹39.5), showing weak long-term positioning. RSI at 53.3 is neutral, while MACD at 0.70 indicates a mild bullish crossover. Bollinger Bands suggest consolidation with limited volatility. Current volume (8,49,03,563) is below the weekly average (9,51,35,435), reflecting reduced participation.
📈 Momentum Signals: Short-term momentum is mildly positive, supported by price stability above the 50 DMA and a weak MACD crossover. However, the inability to sustain above the 200 DMA signals long-term weakness.
💹 Entry & Exit Zones:
- ✅ Entry Zone: ₹34–₹37 (near 50 DMA support)
- 📉 Stop-Loss: ₹32 (below recent support)
- 🚀 Exit Zone: ₹40–₹42 (near 200 DMA resistance)
🔎 Trend Status: The stock is currently consolidating between ₹34–₹40. A breakout above ₹42 could trigger bullish reversal, while a drop below ₹32 may signal further weakness.
Positive
- 📌 Price trading above 50 DMA, showing short-term strength.
- 📌 Very low debt-to-equity ratio (0.03), indicating minimal leverage risk.
- 📌 Strong trading volumes, reflecting active market interest despite weakness.
Limitation
- ⚠️ No P/E ratio available due to negative earnings.
- ⚠️ ROE (-1.03%) and ROCE (-0.21%) are negative, showing poor capital efficiency.
- ⚠️ Dividend yield at 0%, limiting investor returns.
Company Negative News
- ❌ PAT declined from -₹31.6 Cr. to -₹55.8 Cr., showing worsening losses.
- ❌ FII holding decreased (-0.08%) and DII holding decreased (-0.27%), reflecting reduced investor confidence.
Company Positive News
- ✅ EPS at -₹0.26, though negative, shows limited per-share loss compared to peers in early growth stage.
- ✅ Strong trading activity indicates continued investor interest in the EV sector.
Industry
- 🏭 Industry PE at 27.3, highlighting OLAELEC’s underperformance relative to peers.
- 🏭 EV sector demand supported by government incentives and rising adoption trends in India.
Conclusion
📌 OLAELEC is consolidating with weak fundamentals and negative profitability. Entry near ₹34–₹37 offers limited short-term opportunity, but resistance at ₹40–₹42 must be watched closely. Long-term investors should be cautious due to negative ROE/ROCE and persistent losses, while speculative traders may benefit from momentum-driven moves in the EV sector.
Would you like me to extend this into a visual EV sector chart to compare OLAELEC’s performance against industry peers?