Update on: Ola electric matched the analysis and pattern levels

Perfect Entry timing 🚀 We catch it-:
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.