Ola Electric Ltd Technical Analysis: Is the Bottom Finally In?
Technical Snapshot: 20D & 50D EMA:
The stock is currently trading around ₹35.08 It has successfully reclaimed its 5-day and 10-day averages, but it is now approaching the crucial "Trend Decider" levels.
| Indicator | Value (₹) | Technical View |
|---|---|---|
| Current Price (CMP) | ₹35.08 | Bullish Reversal |
| 20-Day EMA | ₹37.05 | Immediate Target |
| 50-Day EMA | ₹42.08 | Major Resistance |
| RSI (14) | 58.6 | Buying Strength |
The News Driving the Rally: Zero Pledge Achievement:
The primary driver for today's bullishness is the conclusion of Bhavish Aggarwal’s stake sale. While stake sales are usually viewed negatively, this one had a specific, positive objective:
- Debt Repayment: The promoter raised ₹324 crore to fully repay a ₹260 crore personal loan.
- Zero Pledges: 100% of promoter-pledged shares (approx. 3.93% of equity) have been released.
- Ownership: Post-sale, the promoter group still holds a strong 34.6% stake.
SumanSpeaks Verdict:
By clearing all pledges, Ola Electric has removed a major "overhang" that was inviting short-sellers. From a technical standpoint, if the stock sustains above ₹35, the next stop is the 20-day EMA at ₹37.
Traders' Alert: Maintain a strict stop-loss at ₹33.50 to protect against any market volatility.
Disclaimer: This analysis is for educational purposes only. Investing in equities involves risk. Please consult a SEBI-registered advisor. Data as of Dec 23, 2025.

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