⚡ Ola Electric Mobility Ltd. – Weakness Showing

🔹 Price Action The stock closed at ₹59.92 (-7.10%), facing sharp selling pressure after hitting ₹70.19 resistance. Price has now slipped below ₹65 and is testing ₹60 psychological support. 🔹 Technical View Support Levels: ₹57 → ₹52 → ₹45.60 Resistance Levels: ₹65 → ₹70 → ₹72 Pattern: Sharp V-shaped recovery reversed at resistance. Formed bearish RSI divergence near recent top. Heavy volume at top → supply zone confirmation. 🔹 Indicators RSI (62.37 → falling) – showing bearish divergence, signaling loss of momentum. Volume spike on rejection → clear distribution. Trendline support near ₹57 – critical to watch. 🔹 Strength & Weakness ✅ Short-term uptrend attempted with strong volume. ❌ Bearish RSI divergence – signals reversal pressure. ❌ Heavy rejection near ₹70 resistance. ❌ Selling pressure increasing. 🔹 Outlook Short Term: Weakness likely unless ₹65 reclaimed. Downside: If ₹57 breaks, stock may revisit ₹52 → ₹45.60. Upside: Only above ₹65–₹70 zone can it regain momentum. 📢 Disclaimer: This is an educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (Reg. No. INH000020332). 📄 Stock market investments are subject to market risks.