Ola Electric is shaping up into an interesting cup-like recovery pattern after a sharp decline and strong rebound from the lows.
Price has recovered significantly from the ₹22–23 base, and is now approaching a major resistance zone around ₹48–50.
This zone is critical.
Key levels to watch:
* Immediate resistance / breakout zone: ₹48–50
* Major support: ₹40–42
* Structural support: ₹22–23
A decisive breakout and sustained close above ₹50 could confirm the pattern and open room for a strong momentum move.
Upside target: ₹72+ (~53% potential from breakout zone)
The setup becomes more attractive if volume expands during breakout, confirming genuine buyer strength rather than a temporary spike.
For now, this is a watchlist candidate, not a chase.
Disc: Not SEBI registered. For educational purposes only. Please manage risk.
✅ If you like my analysis, please follow me here as a token of appreciation :)
in.tradingview.com/u/lovishkhanduja/
Price has recovered significantly from the ₹22–23 base, and is now approaching a major resistance zone around ₹48–50.
This zone is critical.
Key levels to watch:
* Immediate resistance / breakout zone: ₹48–50
* Major support: ₹40–42
* Structural support: ₹22–23
A decisive breakout and sustained close above ₹50 could confirm the pattern and open room for a strong momentum move.
Upside target: ₹72+ (~53% potential from breakout zone)
The setup becomes more attractive if volume expands during breakout, confirming genuine buyer strength rather than a temporary spike.
For now, this is a watchlist candidate, not a chase.
Disc: Not SEBI registered. For educational purposes only. Please manage risk.
✅ If you like my analysis, please follow me here as a token of appreciation :)
in.tradingview.com/u/lovishkhanduja/
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.
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.