Ola Electric Mobility Ltd (4H Chart )

Trend Structure:

is attempting a trend reversal after a prolonged downtrend, with early signs of higher low formation. Key Support & Resistance: Support: 36.20 – 35.50 Major Support: 33.20 Resistance: 38.00 – 39.50 Higher Resistance: 41.90 Indicators: Price is above the 10 & 20 EMA Momentum is improving but remains moderate Trend strength is still developing Price Action Insight: A strong impulsive move followed by consolidation suggests base-building activity, though confirmation is still pending. Technical Outlook: Cautiously bullish. Sustained strength above 39–40 is required for further upside confirmation. Disclaimer: This analysis is for educational purposes only and should not be considered investment advice.