Updated : In the last analysis,
The support of 39 still working.
As it stays intact we may expect following, combining technical chart view + some key fundamental investing ratios as well-
Technical Analysis (Weekly Chart)
Current Price: ₹41.31 (+2.00%)
Trend: Stock has been in a steep downtrend since listing (from near ₹120 levels). Recently showing signs of base formation around ₹38-₹42.
Chart Pattern:
Price moving in a falling wedge / downtrend channel.
Multiple attempts to break out above ₹46-₹47 resistance.
Long-term bottoming signs visible.
Key Support Levels
₹39 (major base support)
₹35 (breakdown risk below this)
₹30 (worst-case scenario)
Key Resistance Levels
₹46.3 (immediate resistance)
₹54.2 (supply zone)
₹68.3 (medium-term breakout target)
₹106.9 (long-term resistance if strong rally sustains)
Trading View:
If price holds above ₹39-41, it can attempt a bounce toward ₹54 to ₹68.
Sustained close above ₹68 may open rally toward ₹100+.
If it breaks below ₹39, risk of further fall toward ₹35-30.
Fundamental Snapshot (as per recent financials of Ola Electric)
Note: Ola Electric is a newly listed company (IPO in 2024), so fundamentals are still stabilizing.
Market Cap: ₹36,000 Cr (mid-cap, growth-oriented).
Revenue (FY24): ₹5,000 Cr (fast-growing, >35% YoY growth).
Profitability: Loss-making (negative net profit margin).
P/E Ratio: N/A (since company is loss-making).
P/B Ratio: 6-7 (high valuation compared to traditional auto companies).
Debt-to-Equity: Moderate, backed by fundraises but needs close watch.
EV Industry Growth: Strong demand push by Govt incentives (FAME II, EV subsidies).
Risk Factors:
Still in cash burn mode, uncertain path to profitability.
Competition from Tata Motors EV, TVS iQube, Ather Energy.
Heavy dependency on Govt policy & subsidies.
Conclusion:
Short-Term (Technical): Stock is near bottom support, bounce possible toward ₹54-₹68.
Medium-Term (Investment): Needs consistent revenue growth + reduction in losses for rerating.
Long-Term (5-7 years): Ola Electric could be a disruptor in EV space, but valuation & profitability risk remains high.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Stock markets are risky, especially with new-age loss-making companies like Ola Electric. Please do your own research or consult a SEBI-registered financial advisor before investing.
The support of 39 still working.
As it stays intact we may expect following, combining technical chart view + some key fundamental investing ratios as well-
Technical Analysis (Weekly Chart)
Current Price: ₹41.31 (+2.00%)
Trend: Stock has been in a steep downtrend since listing (from near ₹120 levels). Recently showing signs of base formation around ₹38-₹42.
Chart Pattern:
Price moving in a falling wedge / downtrend channel.
Multiple attempts to break out above ₹46-₹47 resistance.
Long-term bottoming signs visible.
Key Support Levels
₹39 (major base support)
₹35 (breakdown risk below this)
₹30 (worst-case scenario)
Key Resistance Levels
₹46.3 (immediate resistance)
₹54.2 (supply zone)
₹68.3 (medium-term breakout target)
₹106.9 (long-term resistance if strong rally sustains)
Trading View:
If price holds above ₹39-41, it can attempt a bounce toward ₹54 to ₹68.
Sustained close above ₹68 may open rally toward ₹100+.
If it breaks below ₹39, risk of further fall toward ₹35-30.
Fundamental Snapshot (as per recent financials of Ola Electric)
Note: Ola Electric is a newly listed company (IPO in 2024), so fundamentals are still stabilizing.
Market Cap: ₹36,000 Cr (mid-cap, growth-oriented).
Revenue (FY24): ₹5,000 Cr (fast-growing, >35% YoY growth).
Profitability: Loss-making (negative net profit margin).
P/E Ratio: N/A (since company is loss-making).
P/B Ratio: 6-7 (high valuation compared to traditional auto companies).
Debt-to-Equity: Moderate, backed by fundraises but needs close watch.
EV Industry Growth: Strong demand push by Govt incentives (FAME II, EV subsidies).
Risk Factors:
Still in cash burn mode, uncertain path to profitability.
Competition from Tata Motors EV, TVS iQube, Ather Energy.
Heavy dependency on Govt policy & subsidies.
Conclusion:
Short-Term (Technical): Stock is near bottom support, bounce possible toward ₹54-₹68.
Medium-Term (Investment): Needs consistent revenue growth + reduction in losses for rerating.
Long-Term (5-7 years): Ola Electric could be a disruptor in EV space, but valuation & profitability risk remains high.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Stock markets are risky, especially with new-age loss-making companies like Ola Electric. Please do your own research or consult a SEBI-registered financial advisor before investing.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.