Recent Price Movement and Market Context
The stock’s fall on 16 December marked a reversal after three consecutive days of gains, signalling renewed selling pressure. Intraday volatility was notably high at 5.04%, with the share price touching a low of ₹34.20, down 8.53% from previous levels. The weighted average price indicated that a larger volume of shares traded near the day’s low, suggesting bearish sentiment among investors. Furthermore, Ola Electric’s shares are trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a persistent downtrend.
Adding to the negative momentum, the stock is hovering close to its 52-week low of ₹33.17, just 3.86% away, highlighting sustained weakness over the past year. T...
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