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Update on the Ola Electric (Weekly Chart Analysis) considering today’s price action hitting ₹53.79, which matches the earlier highlighted resistance zone (~₹54.2).
Ola Electric – Weekly Chart & Fundamentals (Updated)
Technical Analysis (Weekly Chart)
CMP (Current Price): ₹53.79 (+5.5%)
Trend: After a long downtrend since IPO (~₹120), the stock has finally shown breakout strength from its falling wedge pattern.
Price Action:
Broke above ₹46.3 immediate resistance last week.
Now tested ₹53.7–₹54.2 supply zone, exactly as forecasted earlier.
Key Support Levels
₹46.3 (now a strong support after breakout)
₹41 (medium-term support)
M
₹39 (long-term base support)
Key Resistance Levels
₹54.2 (tested today – short-term hurdle)
₹68.3 (next breakout target if strength sustains)
₹106.9 (major long-term resistance zone)
Trading View (Updated):-
Bullish case: Sustained weekly close above ₹54.2 could push stock to ₹68 → ₹100+.
Bearish risk: If it fails to hold above ₹46–47 in coming weeks, pullback toward ₹41–39 possible.
Fundamental Snapshot (No Major Change, Still Critical for Students/Investors)
Market Cap: ~₹36,000 Cr
Revenue (FY24): ~₹5,000 Cr (+35% YoY growth)
Profitability: Still loss-making (negative net margins).
Valuations: P/E N/A (loss-making), P/B ~6–7 (expensive vs traditional auto).
Debt-to-Equity: Moderate, backed by IPO proceeds.
Growth Drivers: Strong EV adoption, govt. subsidies (FAME II, state EV policies).
Risks:
High cash burn & uncertain profitability timeline.
Competition from Tata Motors EV, TVS, Bajaj, Ather.
Policy dependence – subsidy withdrawal could hurt margins.i
Conclusion (Updated)
Short-Term (Chart View): Ola has successfully tested ₹54 resistance. Sustained close above this can trigger fresh rally toward ₹68–70 zone.
Medium-Term (Investment): Stock turning positive on technicals, but fundamentals still weak due to losses. Needs visible path to profitability.
Long-Term (5–7 years): Ola has potential to disrupt EV space, but high valuation + risk of dilution + competition makes it a high-risk, high-reward bet.
👉Disclaimer:
This analysis is for educational purposes only. It is not financial advice or stock recommendation. EV stocks are highly volatile, and loss-making companies carry higher risk. Always consult a SEBI-registered advisor before investing.
Update on the Ola Electric (Weekly Chart Analysis) considering today’s price action hitting ₹53.79, which matches the earlier highlighted resistance zone (~₹54.2).
Ola Electric – Weekly Chart & Fundamentals (Updated)
Technical Analysis (Weekly Chart)
CMP (Current Price): ₹53.79 (+5.5%)
Trend: After a long downtrend since IPO (~₹120), the stock has finally shown breakout strength from its falling wedge pattern.
Price Action:
Broke above ₹46.3 immediate resistance last week.
Now tested ₹53.7–₹54.2 supply zone, exactly as forecasted earlier.
Key Support Levels
₹46.3 (now a strong support after breakout)
₹41 (medium-term support)
M
₹39 (long-term base support)
Key Resistance Levels
₹54.2 (tested today – short-term hurdle)
₹68.3 (next breakout target if strength sustains)
₹106.9 (major long-term resistance zone)
Trading View (Updated):-
Bullish case: Sustained weekly close above ₹54.2 could push stock to ₹68 → ₹100+.
Bearish risk: If it fails to hold above ₹46–47 in coming weeks, pullback toward ₹41–39 possible.
Fundamental Snapshot (No Major Change, Still Critical for Students/Investors)
Market Cap: ~₹36,000 Cr
Revenue (FY24): ~₹5,000 Cr (+35% YoY growth)
Profitability: Still loss-making (negative net margins).
Valuations: P/E N/A (loss-making), P/B ~6–7 (expensive vs traditional auto).
Debt-to-Equity: Moderate, backed by IPO proceeds.
Growth Drivers: Strong EV adoption, govt. subsidies (FAME II, state EV policies).
Risks:
High cash burn & uncertain profitability timeline.
Competition from Tata Motors EV, TVS, Bajaj, Ather.
Policy dependence – subsidy withdrawal could hurt margins.i
Conclusion (Updated)
Short-Term (Chart View): Ola has successfully tested ₹54 resistance. Sustained close above this can trigger fresh rally toward ₹68–70 zone.
Medium-Term (Investment): Stock turning positive on technicals, but fundamentals still weak due to losses. Needs visible path to profitability.
Long-Term (5–7 years): Ola has potential to disrupt EV space, but high valuation + risk of dilution + competition makes it a high-risk, high-reward bet.
👉Disclaimer:
This analysis is for educational purposes only. It is not financial advice or stock recommendation. EV stocks are highly volatile, and loss-making companies carry higher risk. Always consult a SEBI-registered advisor before investing.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.