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OLA ELECTRIC MOBILITY LTDOLA ELECTRIC MOBILITY LTDOLA ELECTRIC MOBILITY LTD

OLA ELECTRIC MOBILITY LTD

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OLAELEC trade ideas

OLA ELECTRIC MOBILITY: Consolidation After Channel Breakout.✅ Falling Channel Breakout: The stock recently broke out of a steep falling channel, indicating a potential trend reversal. ✅ Consolidation Above Support: Currently consolidating between ₹92-₹103, forming a solid base for the next potential move. ✅ Volume Spike on Breakout: Significant volume was observed during the breakout phase, adding conviction to the bullish bias. 🎯 Key Levels to Watch: Entry: ₹103.30 (Breakout confirmation above the consolidation range) Stop Loss: ₹88.53 (Closing Basis) Target 1: ₹123.37 Target 2: ₹158.16 💡 Risk/Reward Analysis: Risk: ~15% (₹103.30 to ₹88.53) Reward: ~19% for Target 1, ~53% for Target 2 📌 Trade Setup: Wait for a breakout above ₹103.30 with volume to confirm entry. Ensure strict risk management to protect your capital. Caution: Market volatility may influence the stock's movement. Always align trades with your investment strategy and risk tolerance. #OlaElectric #BreakoutStocks
NSE:OLAELECLong
by sagartharayil
Ola Electric Breaks Out at 75, Targeting 160Details: Asset: Ola Electric (Ola Electric Mobility Private Limited) Breakout Level: 75 Current Level: Near 90 Potential Target: 160 Stop Loss: Below 75 or as per risk management Timeframe: Medium to long-term Rationale: Ola Electric has experienced a fresh breakout at 75, and its price momentum suggests strong upward potential. Currently nearing 90, the stock could reach 160 in the medium to long term if it sustains this bullish trend. Market Analysis: Technical Setup: The breakout above 75 with strong follow-through volume indicates bullish sentiment, setting the stage for significant upward movement. Industry Tailwinds: Growing interest in electric vehicles and supportive government policies enhance the attractiveness of Ola Electric as a key player in the EV sector. Price Target: Short-term: 90 (already reached) Medium to Long-term: 160 Risk Management: A stop loss below 75 is advised to protect against potential reversals. Timeframe: The move toward 160 is expected in the medium to long term, depending on market sentiment and company performance. Risk-Reward Ratio: The current setup presents a favorable risk-reward ratio, with clear breakout levels and strong growth potential driven by the EV market boom. Monitor price movements and volume for sustained momentum while keeping an eye on macroeconomic and industry-specific developments affecting the EV sector.
NSE:OLAELECLong
by CyborgTradingHub
Just a Pull back or formation of Bullish MAT? #OLAThe Bullish Mat Hold is a rare and powerful candlestick pattern that signals the continuation of an uptrend. It is a consolidation pattern consists of no of candles : A tall and positive first candle, followed by no of small, negative candles. A series of smaller candlesticks, typically bearish (red or black), showing a slight pullback or consolidation. These candles generally stay within the range of the first large bullish candle, indicating the bulls are waiting for right time to take back the control. However key consideration 1. The bullish mat hold is more reliable in higher time frames (e.g., daily or weekly charts). 2. Always confirm the pattern with other technical indicators (e.g., RSI, MACD) or fundamental analysis for stronger reliability. 3. Be cautious of false signals in low-volume markets or during periods of high market noise Refer NSE:EMUDHRA chart for comparison. Similar to OLA, Emudhra after listing consolidated however the consolidation was within the first big bullish candle and the moment Emudhra broke the consolidation the stock rallied from 530. Ola also lost track after stock listing, RSI dropped on daily chart to oversold zone. Thus, with similar formation OLA can we expect ola to hit 230 levels? Note: the above comparison is only technical chart pattern. Fundamentals of both the companies are different and thus please take your financial advisor opinion before investing.
NSE:OLAELEC
by CA_Chetanbhasin
Best time to Buy OlaElectric share for New Buying.Fibonacci retracement analysis on a price chart, likely for a stock or cryptocurrency. Here's a breakdown of the key elements in the chart: Key Components: 1. Fibonacci Levels: - 0% (157.61) - 23.60% (138.23) - 38.20% (126.23) - 50.00% (116.54) - 61.80% (106.85) - 100% (75.46) 2. Price Action: - The price has retraced from a recent high at the 0% level. - It seems to be hovering around the 61.8% retracement level. 3. Highlighted Zone: - The chart indicates a "Best Zone to New Buying" in the range between the 61.8% level and slightly below. Analysis: 1. Fibonacci Retracement: - The Fibonacci retracement levels are commonly used to identify potential reversal levels in the market. The 61.8% level is particularly significant as it often acts as a strong support level during a pullback. 2. Price Reaching 61.8%: - The price action appears to be respecting the 61.8% Fibonacci retracement level, which is often seen as a critical level for potential buying opportunities. 3. Buying Zone: - The highlighted zone around the 61.8% level is labelled as the "Best Zone to New Buying." This is a reasonable assertion based on traditional Fibonacci analysis. The 61.8% level is widely recognized as a golden ratio, where traders often look for price reversals or continuation of the trend.
NSE:OLAELEC
by Premcool
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