OLAELEC - Technical Analysis

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

Technical Rating: 2.4

Here’s a detailed technical analysis of Ola Electric Mobility Ltd (OLAELEC)

📉 Trend Overview

Status: Reversing from a steep downtrend

Price Action: Trading below both 50 DMA and 200 DMA — confirms bearish momentum

52W Index: At just 1.81% of its 52-week high — signals extreme correction

📈 Moving Averages

Indicator Value (₹) Signal

DMA 50 45.0 Bearish (Price < DMA)

DMA 200 61.0 Bearish (Price < DMA)

Price is ~7.3% below DMA 50 and ~31.6% below DMA 200 — confirms strong downtrend

📊 Momentum Indicators

Indicator Value Interpretation

RSI 45.9 Neutral to Bearish — no strong momentum

MACD -0.91 Bearish — negative crossover

Volume 7.35 Cr Well below average — weak conviction

RSI near 46 suggests lack of buying strength

MACD is negative — momentum remains weak

📊 Bollinger Bands

Price is near lower band, indicating selling pressure

No breakout or squeeze signals — supports bearish continuation

📌 Support & Resistance Zones

Level Price (₹) Strength

Support 1 40.5 Strong

Support 2 39.6 Moderate

Resistance 1 43.1 Moderate

Resistance 2 45.1 Strong

Entry Zone: ₹40.5–₹41.7 (if reversal confirmed)

Exit Zone: ₹43.1–₹45.1 (watch for rejection)

🔍 Short-Term Signals

MACD Negative: Avoid aggressive long positions

RSI Neutral: Wait for breakout above 55 for confirmation

Volume Dip: Suggests caution — wait for confirmation

🧠 Summary

Trend: Bearish with reversal potential

Momentum: Weak

Volume: Below average

Volatility: High

Entry: ₹40.5–₹41.7 (only if reversal confirmed)

Exit: ₹43.1–₹45.1

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