Is Ola Electric technically bullish or bearish?
As of June 12, 2025, Ola Electric's technical trend is bearish, with key indicators like daily moving averages and weekly Bollinger Bands confirming this sentiment, despite a mildly bullish MACD.
As of 12 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Ola Electric is bearish with moderate strength. Key indicators driving this stance include the daily moving averages indicating bearish momentum, the weekly Bollinger Bands also showing bearish conditions, and the KST on a weekly basis confirming bearish sentiment. The MACD on a weekly basis is mildly bullish, but this is overshadowed by the overall bearish signals from other indicators. The recent price action reflects a decline, with a current price of 47.24, down from a previous close of 48.42, further supporting the bearish outlook.
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