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Olaelecticmobility

Trend reversal or Bull trap in OLA ELECTRIC!Crap fundamentals are not supporting the recent upside momentum. The upside price action looks like corrective rise to me. I am expecting a lower low by the end of this year, most likely Rs. 25 level. Some so called experts in YouTube are recommending to buy this stock stating turnaround potential. That's the reason I am posting here to make you aware of this massive bull trap. Do your own due diligence before taking any action. Peace!!
NSE:OLAELECShort
by Swastik24
Market breadth plus Long buildup in NiftySo as we planned, market opened above Pivot and gave a bounce, that too with long buildup in NSEIX:NIFTY1! . That’s a strong positive sign. One more good thing is volume. Today’s buyers’ volume was 29M, which is higher than Friday’s sellers’ volume of 24M. This clearly shows bulls are taking charge. However my view will remain cautious until we close above at least 24850 on weekly basis. So we have 3 positives now for the week ahead: • Long buildup in futures • Market breadth positive • Buyers’ volume higher With all this, Nifty’s Pivot has now shifted to 24564 and PP is at 0.25. So, if tomorrow NSE:NIFTY opens above Pivot and stays there, then we can expect a sharp move towards 24750. Support will be 24575. NSE:BANKNIFTY is showing early signs of accumulation. Support 53600. Options traders can aim for 55500 this month. On the sector side, Auto, Finance, Chemical and Defence have joined the momentum. Keep a close watch on defence leaders. My today's intraday performers: 1. NSE:OLAELEC +15.60% 2. NSE:STALLION +9.95% 3. NSE:STYLEBAAZA +4.14% That’s it for today. Take care and have a profitable tomorrow.
NSE:NIFTYLong
by Trendxinc
What's next on Nifty?So as we planned NSE:NIFTY had a bearish day. It tried to go higher but then as we analyzed in Monday's weekly commentary, witnessed sharp Sell-on-Rise. After 24650 the 24500 was the support and we closed today exactly there. No sign of accumulation at this level yet. Now monthly expiry is done. Time to absorb the volatility. Market will try to stabilize but in the process we may see both side manipulation. So don't freak out and sell on panic. Now let's paln for tomorrow: Nifty’s Pivot has now shifted to 24562 with PP being 0.25% which indicates a trendy move in line with the ongoing trend. Resistance to look out for is 24611 where Sell-on-Rise trades can be planned. On the downside, 24470 is the support – break of this can extend the fall. Despite heavy selling, we managed to capture 2 good intraday setups – NSE:OLAELEC (+7.91%) and NSE:WAAREEENER (+4.66%). Stock on radar for tomorrow: #Auto parts stocks still holding strength. #Banks look weak. Also, keep an eye on selective Pharma stocks – good momentum can come in. Levels at a glance: Resistance: 24611 Support: 24470 Pivot: 24562 View: Bearish bias with Sell-on-Rise setup That will be all for the day. Take care and have a profitable tomorrow.
NSE:NIFTY
by Trendxinc
OLA ELECTRIC Plummets as Complaints Soar – BUT, We Made Money!OLA ELECTRIC Stock Analysis: Ola Electric (OLAELEC) recently experienced a significant downturn, with all targets met in a notable short trade on the 15-minute timeframe. The ongoing downtrend can be attributed to multiple external pressures: Massive Customer Complaints: India’s Central Consumer Protection Authority (CCPA) reported over 10,000 complaints within a year related to Ola’s after-sales services, billing inaccuracies, and delays. This high volume of complaints is unprecedented, prompting government intervention. Consumer Protection Action: Ola Electric received a show-cause notice from Indian authorities, demanding an explanation for the alleged violations of consumer rights and trade practices. The repercussions could include directives for customer compensation or even financial penalties. Service Overload at Centers: Numerous reports indicate that Ola’s service centers are struggling to keep up with demand, leading to extensive backlogs and dissatisfied customers. According to analysts, many centers appear overwhelmed, further deteriorating Ola's brand image. Market Sentiment Impact: Following these revelations, Ola’s share value has sharply fallen, reversing the gains from its August IPO. The stock has lost nearly 40% in recent weeks, with negative sentiment further amplified by viral customer complaints on social media. With external pressures mounting and consumer confidence waning, Ola Electric’s stock faces a challenging recovery path. The short trade setup capitalized on this decline, achieving all preset targets amidst the company’s reputational crisis. Key Levels: Entry: 93.86 Targets Achieved: TP1 at 90.87, TP2 at 86.04, TP3 at 81.21, TP4 at 78.22 Stop Loss: 96.27 Ola Electric’s road ahead remains uncertain as regulatory scrutiny intensifies and consumer trust continues to erode.
NSE:OLAELECShort
by ProfitsNinja
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