📊 Ola Electric Mobility Ltd. – Testing Crucial Support

🔍 Key Technical Observations: Strong Downtrend: The stock has been in a persistent downtrend since December 2024. Multiple descending trendlines show sustained selling pressure. Consistent Lower Highs: Price has respected each falling resistance line, confirming the bearish structure. Approaching Base Support: The stock is now testing a long-term horizontal support zone around ₹41–₹40. Price has bounced from this zone several times, but the support is gradually weakening. No Reversal Signals Yet: No significant volume spike or bullish reversal pattern visible so far. Current trend suggests continued caution until clear reversal confirmation. Short-Term Risk: Breakdown below ₹40 could trigger further downside. Possible retest of lower levels if the support fails. 👉 Key Takeaway: The stock is approaching a make-or-break level. Watch closely for a breakdown or a sharp reversal signal near ₹40. 📢 Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully. 🔗 Investor Charter & SCORES complaint link available in bio.