Ola Electric share price on cusp of breakout. Should you buy THIS discounted stock available at 65% below record high?
Breakout stocks to buy: Ola Electric share price has been hitting the headlines in the last week for bouncing back strongly from its 512-week lows; after hitting a fresh low of ₹46.37 per share on the NSE, Ola Electric share price registered around 15% rally last week. However, this is insufficient for the EV stock to pare the losses it incurred in the recent sessions. Ola Electric’s share is still 65% below its lifetime high of ₹157.40 per share. Ola Electric shares are around 26% below its upper price band of ₹76 per equity share. So, Indian investors need to know whether it is opportune to do bottom fishing.
According to stock market experts, Ola Electric shares are on the cusp of giving a fresh breakout at ₹56 — 20-DEMA…
