OLA ELECTRIC Plummets as Complaints Soar – BUT, We Made Money!OLA ELECTRIC Stock Analysis:
Ola Electric (OLAELEC) recently experienced a significant downturn, with all targets met in a notable short trade on the 15-minute timeframe. The ongoing downtrend can be attributed to multiple external pressures:
Massive Customer Complaints: India’s Central Consumer Protection Authority (CCPA) reported over 10,000 complaints within a year related to Ola’s after-sales services, billing inaccuracies, and delays. This high volume of complaints is unprecedented, prompting government intervention.
Consumer Protection Action:
Ola Electric received a show-cause notice from Indian authorities, demanding an explanation for the alleged violations of consumer rights and trade practices. The repercussions could include directives for customer compensation or even financial penalties.
Service Overload at Centers:
Numerous reports indicate that Ola’s service centers are struggling to keep up with demand, leading to extensive backlogs and dissatisfied customers. According to analysts, many centers appear overwhelmed, further deteriorating Ola's brand image.
Market Sentiment Impact:
Following these revelations, Ola’s share value has sharply fallen, reversing the gains from its August IPO. The stock has lost nearly 40% in recent weeks, with negative sentiment further amplified by viral customer complaints on social media.
With external pressures mounting and consumer confidence waning, Ola Electric’s stock faces a challenging recovery path. The short trade setup capitalized on this decline, achieving all preset targets amidst the company’s reputational crisis.
Key Levels:
Entry: 93.86
Targets Achieved: TP1 at 90.87, TP2 at 86.04, TP3 at 81.21, TP4 at 78.22
Stop Loss: 96.27
Ola Electric’s road ahead remains uncertain as regulatory scrutiny intensifies and consumer trust continues to erode.
Indianstocksanalysis
WAAREE Short Trade Targets in Play, Massive Drop to 1571!WAAREE (15m time frame), Short Trade
Entry: ₹1,763.00
Current Price: ₹1,571.00
All Targets Done!
Key Levels:
Entry: ₹1,763.00 – After confirming a strong bearish signal, short entry was executed.
Stop-Loss (SL): ₹1,767.60 – Placed above key resistance to protect against potential reversals.
Take Profit 1 (TP1): ₹1,757.30 – First target triggered, confirming downward movement.
Take Profit 2 (TP2): ₹1,748.10 – Critical support level broken.
Take Profit 3 (TP3): ₹1,738.90 – More aggressive downside level confirmed
Take Profit 4 (TP4): ₹1,733.25 – Final target hit for deep correction in this trend.
Trend Analysis:
WAAREE’s price continues to plunge after a decisive break below multiple support levels, confirming strong selling pressure. With the current price at ₹1,571, this trade has captured a significant move, with further downside potential still in play.
BANKNIFTY can be bearish from 51466-51647 51466-51647 Levels are very important for BankNifty to sustain. If it break above these levels, then a new all time high can be seen in Sep month. Mostly likely, BankNifty could fall from here to be bearish again and break 49,815 levels. This level is a pure selling level above the fair value gap that was created on 5th Aug.
Power Finance, Target Reached, 295 % Profit _ Complete AnalysisIn Power Finance Corporation a "Symmetrical Triangle Pattern" formed and Breakout, Reached the Target. Buy in February 2023 at the Price of 113 rupees and Sell in January 2024 at 450 rupees. This Result in a Total PROFIT of 295 % within a Year (11 months).
NLC India 334 % PROFIT and Reach the Falling Wedge Target 267Rs.I have identified and Analyzed a "Falling Wedge Pattern" on 21-06-2022, at that Time the Price was 61 rupees. Now SUCESSFULLY Breakout the Pattern and Reach the Falling Wedge Target 267 rupees. After Breakout, Target Reached within a YEAR.
Overall PROFIT 334 % within 2 years. So the "Pattern" is most Crucial in stock market. Thank you.
I want to help people to Make Profit all over the "World".
Big moves incoming ZEELZEEL. #Indian futures. The direction of movement that I am projecting is indicated. From my last analysis we see a movement in the direction indicated. Patience is required. Lows will be taken and we will see a reversal pattern forming.
SOTL-A Monthly VCP Breakout & Retest candidate, 30% ROIExpecting ROI - 30%
As mentioned in multi time frame analysis charts,
1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months,
now ready to move out of the consolidation zone.
2) Compressing at major supply region with minimal
sellers strength
3) Expecting BO soon, SL at prev week low.
How to trade GSFCIn consolidation phase now from 323,
Can correct till 243.7 (done ), 219.3, 195
and then might rise towards 322, 401, 450
in 2 years
So, buy few now, and buy on lower levels and hold
so many chemical stocks are in consolidation , giving opportunity to accumulate , can invest 5-10% capital and hold for very good gains in 4 to 6 months.
How to trade SMSPHARMASMSPharma, now at 186.15, on March-14-2024 :
Per EW, this has retraced till 0.618 at 162.5 twice and rising.
Looks like swing trade happening here, and so buy on dips is adviced
Buy few, Buy until 162.5, 152.8, 143.2
Uptrend confirmation comes after 194 and
Target prices thereafter --> 212.85, 224.75, 234.5, 244
Expected gains from current price --> 31
Sl below 135 is okay
Buy on Dips would be good in this.
How to Trade BLS InternationalBLS Intl, now at 343 on March-14-2024 :
2 ongoing patterns can be seen
#1. Per EW, the major Motive wave is completed and retracement is done closer to 0.382 and rising again, So, invest few now, invest until 256 for target of 604.5 in 1-1.5 yr holding period
#2. Per another ongoing pattern ( highlighted zone ), One can invest until 300 for a target of 604
As strict stoploss of 255
Expected Gains from curent price --> 76.2%
Prefer to invest regularly in this
BF UTILITIES LTD. - LOOKS GOOD!Following a brief pause, the previous upward trend is poised to resume.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
The pattern formed over 37 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
This bullish pattern can be seen on the Daily chart of $NSE:BFUTILITIE.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
JAYNECOIND Profit
Success! The share I recommended on 6th Feb has turned into a winning trade. Today's gains affirm the wisdom of that suggestion. Here's to more successful trades ahead.
2 Days
Profit=10.65%
JAYNECOIND BUYBuy-51.20
Target-57.90(Adjustable)
Stop-44.65
"Before considering a purchase, it's advisable to conduct your own analysis. However, with approximately an 80% chance indicating a favorable buying opportunity for this stock based on current market trends and analysis, conducting thorough research could validate its potential for growth and profitability."
BAJAJHIND ProfitSuccess! The share I recommended on January 30th has turned into a winning trade. Today's gains affirm the wisdom of that suggestion. Here's to more successful trades ahead.
7 Days
Profit=13.33%
INOXWIND ProfitSuccess! The share I recommended on January 29th has turned into a winning trade. Today's gains affirm the wisdom of that suggestion. Here's to more successful trades ahead.
8 Days
Profit=(+48)9.99%
SUZLON: Billion Volume, Eyeing 190% Gains in 1.5 Years? 📈💼Embark on a journey of potential gains with SUZLON as we analyze the formation of a weekly order block with billions in volume. NEOALGO's study suggests the possibility of a remarkable 190% return over the next 1.5 years.
This is our personal analysis and is intended for study purposes only, not as investing advice. It is recommended to consult your financial manager before making any decisions, as investing always carries inherent risks.
Explore the potential, consider the signals from the high-volume order block, and leverage our study to make informed decisions regarding SUZLON's future trajectory. 🚀📊 #SUZLON #PotentialReturns #HighVolumeAnalysis #StudyPurposeOnly
RPOWER: Minor Pullback, Major Potential! 🚀💹Embark on a short-term exploration of RPOWER as we delve into the dynamics of a potential minor pullback, seeking support at an order block, and eyeing a 40 INR target. In this analysis by NEOALGO, we consider the prospect of momentum gaining strength through upside order blocks, presenting a favorable outlook.
This is our personal view and not trading or investing advice. The anticipation of a minor pullback finding support at an order block suggests potential short-term high returns, creating an optimistic scenario.
Exercise caution. NEOALGO is not SEBI registered, and investors should conduct thorough research. Decisions made directly impact potential profit or loss.
Explore the short-term opportunities, consider the potential momentum in RPOWER, and reflect on our optimistic outlook detailed in this analysis. 📊🎯 #RPOWER #ShortTermMomentum #HighReturnOpportunities #PersonalView
ADANIENT: Rocket Move Towards All-Time Highs?🚀📈Title: "ADANIENT: Anticipating a Rocket Move Towards All-Time Highs, Eyes Set on 6100 INR in the Next 4 Years! 🚀📈"
Description:
Embark on an exciting journey with ADANIENT as we anticipate a rocket move propelling the stock towards all-time highs. NEOALGO's analysis suggests a potential surge, with a bold outlook projecting a target of 6100 INR over the next four years. Our optimism stems from the formation of strong order blocks, indicating a robust upward trajectory.
This is our personal view, envisioning golden days ahead for Adani. The anticipation of a substantial upmove is underpinned by the promising order blocks, shaping a positive narrative.
Keep in mind, NEOALGO is not SEBI registered, and investors should conduct thorough research. Decisions made directly impact potential profit or loss.
Embrace the excitement, explore the potential of ADANIENT, and consider the optimistic future detailed in our analysis. 🌟📊 #ADANIENT #RocketMove #GoldenDaysAhead #OptimisticOutlook
PAYTM Rollercoaster: Brace for Impact and Thrills! 🎢😱💼In the midst of market turbulence, PAYTM takes center stage as we observe panic selling, juxtaposed with the intriguing stability provided by a weekly order block. In this analysis by NEOALGO, we explore the dynamics influencing PAYTM's current trajectory and the possibility of a noteworthy shift.
The prevailing panic selling sets a challenging tone, but the resilience showcased by a weekly order block hints at a potential turning point. As we delve into the market nuances, it's noteworthy that we won't be surprised if PAYTM reaches 100 INR within the next three months.
Caution is advised. NEOALGO is not SEBI registered, and investors should conduct thorough research. Acknowledge that your decisions directly impact your profit or loss.
Stay informed, navigate the uncertainties surrounding PAYTM, and consider the potential outlook provided by our detailed analysis. 📊🔍 #PAYTM #MarketTurbulence #PotentialOutlook #StrategicAnalysis
An undervalued stock ready to breakoutAn undervalued stock in the packaging industry, Polyplex has been stressed in this bull run and is currently trading below its book value.
Volume is building up and DMI indicates buyers momentum building up. Any move above 1100 should propel the stock price upwards from here
Entry - 1100
Will update SL and Target once trade is triggered
#WSTCSTPAPR / West Coast Paper Mills looks ready for 40% move#WSTCSTPAPR / West Coast Paper Mills Ltd
Looks amazing at current levels. Paper stocks were in focus few months back and should be back in focus soon I believe.
Technical and Fundamentals of these stocks are good. Stock was in consolidation mode for 1 year before the breakout and now retesting previous ATH levels.
I'll be looking to buy this on Monday as soon as market opens.
CMP: ₹674.70/-
Break-out on cards and 18% rally for PRISM JOHNSON?There are three bullish confluences that you can see on this chart.
1.According to Elliot wave model the stock is taking off in wave III of 3.
2. A probable cup and handle breakout attempt.(target for this pattern comes in at around 200 Rs.)
3. Breakout attempt from imp 6 years old(2018-2023) horizontal resistance zone (145-150(Rs.))
The stock can give a swift move once it decisively closes above 150 mark.
Note*- This is not a buy/sell recommendation. This post is for educational purpose only.
BLS International - Looks Good!The price has recently broken out to the upside after a period of consolidation, indicating that the prior upward trend is likely to continue.
A Symmetrical Continuation Triangle with a bullish bias is characterized by two converging trendlines. During this formation, prices make lower highs and higher lows, creating a tightening range. As the pattern evolves, trading volume tends to decrease, reflecting market uncertainty and indecision. It's important to note that the breakout occurs before the triangle reaches its apex, the point where the trendlines meet.
What's particularly noteworthy is that the price breaks above the upper trendline with a noticeable surge in trading volume, serving as confirmation that the pattern is a signal for a continuation of the previous uptrend. This breakout suggests that the market sentiment has shifted back to a more bullish stance, potentially leading to further price appreciation.
Note at below RSI Vs Price divergence also noticed!
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
