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Stock analysis Ola Electric Mobility Ltd OLAELEC

More indepth analysis on MunafaSutra.com

Moving Averages for Ola Electric Mobility Ltd

  • 5Day Average: 73.49
  • 12Day Average: 72.34
  • 20Day Average: 74.6
  • 50Day Average: 87.23

OLAELEC Indicators & signals

Indicator MACD (12,26,9)

74.37, 77.79, -5.34
Indicator MACD is in negative zone

Indicator ADX (14)

23.81, 35.65, 21.94
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of OLAELEC Ola Electric Mobility Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Wed Nov 2024 88.10 75.26 to 88.10 19.99% 6.16 times
26 Tue Nov 2024 73.42 69.58 to 74.80 5.52% 1.44 times
25 Mon Nov 2024 69.58 69.30 to 72.30 0.64% 0.54 times
22 Fri Nov 2024 69.14 66.66 to 69.74 2.87% 0.72 times
21 Thu Nov 2024 67.21 66.86 to 69.70 -3.04% 0.73 times
19 Tue Nov 2024 69.32 68.99 to 71.18 0.57% 0.56 times
18 Mon Nov 2024 68.93 68.10 to 70.90 -1.7% 0.97 times
14 Thu Nov 2024 70.12 69.54 to 71.88 -1.17% 0.86 times
13 Wed Nov 2024 70.95 70.55 to 74.19 -4.5% 0.75 times
12 Tue Nov 2024 74.29 73.71 to 76.65 -0.05% 0.93 times
11 Mon Nov 2024 74.33 70.55 to 77.60 2.21% 2.49 times
08 Fri Nov 2024 72.72 72.60 to 74.99 -2.47% 0.76 times

Technical analysis forecast of Ola Electric Mobility Ltd Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Ola Electric Mobility Ltd OLAELEC at this time. Stock is rising and might rise more.

It appears as if Ola Electric Mobility Ltd OLAELEC gave a large move recently.

Stock of Ola Electric Mobility Ltd (OLAELEC) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Ola Electric Mobility Ltd is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 87.6, for a target of 81.2 or 75.89

More indepth analysis on MunafaSutra.com