Ola Electric Mobility in Support three Buy 50 & 60 & 65in this i have updated three support u can buy on these level and resistance is 103 & 118 & 136 u can sell on this level to keep track this ola results OLongby Darshan_Mehta3
Ola Electric below its IPO priceOla electric has broken down its IPO price level of 76. From here we can expect downside targets of 69.30, 66.20, 57.75 & 54. Avoid fresh entryOShortby Parveen_Verma4422
1 YEAR BULLISH FOR EV SECTORi am bullish for ola for long term ,and i think this sector gives more return in next 2 or 3 year i think try this for next december and sl 20% trget 300%OLongby dipakchauhan60104417
OLA ELECTRIC Plummets as Complaints Soar – BUT, We Made Money!OLA ELECTRIC Stock Analysis: Ola Electric (OLAELEC) recently experienced a significant downturn, with all targets met in a notable short trade on the 15-minute timeframe. The ongoing downtrend can be attributed to multiple external pressures: Massive Customer Complaints: India’s Central Consumer Protection Authority (CCPA) reported over 10,000 complaints within a year related to Ola’s after-sales services, billing inaccuracies, and delays. This high volume of complaints is unprecedented, prompting government intervention. Consumer Protection Action: Ola Electric received a show-cause notice from Indian authorities, demanding an explanation for the alleged violations of consumer rights and trade practices. The repercussions could include directives for customer compensation or even financial penalties. Service Overload at Centers: Numerous reports indicate that Ola’s service centers are struggling to keep up with demand, leading to extensive backlogs and dissatisfied customers. According to analysts, many centers appear overwhelmed, further deteriorating Ola's brand image. Market Sentiment Impact: Following these revelations, Ola’s share value has sharply fallen, reversing the gains from its August IPO. The stock has lost nearly 40% in recent weeks, with negative sentiment further amplified by viral customer complaints on social media. With external pressures mounting and consumer confidence waning, Ola Electric’s stock faces a challenging recovery path. The short trade setup capitalized on this decline, achieving all preset targets amidst the company’s reputational crisis. Key Levels: Entry: 93.86 Targets Achieved: TP1 at 90.87, TP2 at 86.04, TP3 at 81.21, TP4 at 78.22 Stop Loss: 96.27 Ola Electric’s road ahead remains uncertain as regulatory scrutiny intensifies and consumer trust continues to erode.OShortby ProfitsNinja446
Ola electric - bullish reversalOla electric took support from strong FIBO levels, Technically looks bullish as long as 104 is saved on daily closing basis. Fundamentally also there could be some buying around 100-104 levels. Keep and eye on this.OLongby sachinnagpal19824415
OLA ELECTRIC MOBILITYCurrently OLA is close to the 1st support level. If you are planning to invest here are some key support level to consider.OLongby Kartik_Elkunchwar3335
OLA Electric - Short Setup, Target 3 DONE!OLA Electric - Short Setup Got a SHORT entry yesterday as per the Risological swing trader indicator. Reached Target 3 today. Looks like target 4 is on its way. OShortby ProfitsNinja3311
0.55 Fib RetracmentPrice has taken support from 0.55 fib level. Wait for price to break the previous candle high with good volume(imp). Fundamental's are not that great but future prospect looks compelling. NOTE: I do my analysis do yours before trade. OLongby GreyandWise0
0.5 retracementDue to market conditions price is not pick up. But price taken support in 15 min timeframe at 0.5 Fibonacci. If breaks this 0.5 level than not a good trade. Fundamental's are not that great. NOTE: I do my analysis, do yours before trade.OLongby GreyandWiseUpdated 2219
OLA ELECTRIC MOBILITY LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. Oby zenthosh15