Ola Electric Share Price Analysis: Trend Repeating : 58 Target in Sight!
Ola Electric is dominating Google Trends, and if charts don’t lie — a fresh rally is on the cards!
By studying historic patterns and the current price setup, we’re seeing a textbook repeat of a bullish breakout that previously gave solid gains.
What Happened in History (Chart 1 Analysis)
- The price was in a clear downtrend.
- A breakout happened with a 20 & 50 EMA crossover.
- Strong momentum in RSI and TSI.
- The price jumped from ₹70 to ₹78, from confirming the strength of this breakout setup.
What’s Happening Now (Chart 2 Analysis)
- Time frame: 1-hour
- The pattern is exactly the same setup as history.
- Price is currently around ₹53.80, after breaking a trendline.
- 20 & 50 EMA are about to cross, with RSI and TSI both bullish.
- So if history repeats, the price can move up from ₹53.80 toward ₹58? — That doesn’t make sense; you probably meant:
“In this setup, similar to historic action, price can rally from the current breakout point (around ₹50.6–₹52.0) up to near ₹58.”
Because on the current chart:
- Crossover and breakout are happening around ₹50–₹52.
- Following the same historical pattern, price could move toward ₹58.
interpretation:
- Historic breakout: ₹70 → ₹78 (approx. +12% move)
- Current breakout zone: Around ₹50–₹52
- Likely rally target: ₹58 (approx. +10%)
- Increase in volume sharply.
Stop-Loss and Risk Management
- SL below ₹48 to protect capital.
- Wait for clear breakout and crossover confirmation.
- Don’t chase; buy on retest near 20 EMA for safe entries.
Key Technical Indicators to Watch
- 20 & 50 EMA crossover confirmation
- RSI holding above 60
- TSI positive crossover
- Volume spikes near breakout level (₹52–₹53)
Why Ola Electric Could Become a Big Trade
- Trending in Google Trends India — high retail interest.
- Follows a clean technical pattern history.
- EV sector tailwinds + policy push.
- Stock often respects breakouts and EMA structures.
Conclusion
If charts are any guide, Ola Electric is about to repeat its historical breakout pattern.
This time, the breakout zone around ₹50–₹52 could take the stock to ₹58 in the short term.
History doesn’t repeat itself… but it often rhymes — and smart traders are watching closely!
FAQs:
Q. Is Ola Electric a breakout buy?
Yes — once price holds above ₹52 with volume.
Q. What is the short-term target?
₹58 in swing trade setups.
Q. What if the stock falls below ₹48?
Close the position — the bullish setup is invalidated.
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