The stock recently broke above the short-term moving average of 50-DMA last week and also from a Symmetrical triangle pattern breakout which is a bullish sign. Symmetrical triangles are formed when neither the bulls nor the bears have the upper hand in a directionless market and can be identified when the stock makes lower highs and higher lows.
Ola Electric shares sink 6% as Q2 revenue falls 39% YoY. What’s next?
Ola Electric shares fell over 6% after the company reported a 39% YoY decline in September-quarter revenue to Rs 421 crore, despite narrowing its consolidated