Ola Electric Share Price Nearing Breakout – Should You Buy?

✅ Strong Recovery: Ola Electric shares have rebounded 15% from their 52-week low of ₹46.37.

✅ Still Deeply Discounted: The stock remains 65% below its all-time high of ₹157.40 per share.

✅ Key Resistance Level: Experts say a breakout above ₹56 (20-DEMA resistance) could push the stock towards ₹64.

✅ EV Sector Potential: While the electric vehicle industry has strong long-term growth prospects, investors should assess Ola Electric’s ability to capitalize on this trend before investing.

✅ Bottom Fishing Opportunity? The stock is currently 26% below its IPO upper price band of ₹76, making it attractive for value seekers.