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News Topical, Digital Desk : Ola Electric Mobility shares have been seeing a strong rally since the start of the 2026-27 financial year (FY27). The company's stock has risen from ₹22.80 to ₹40.40, a sharp jump of approximately 77%.
What's driving the rally?
According to market experts, several key reasons are behind the surge in Ola Electric shares. These include rising EV (electric vehicle) sales, positive updates related to batteries and the Gigafactory, strong sentiment in the EV sector, and growing investor confidence.
Experts say that the stock is also looking technically strong and is close to a breakout at ₹46 level.
What do the technical signals say?
According to analysts, Ola Electric's stock has crossed above the 20, 50, and 100 EMAs, indicating a trend reversal. However, the RSI is in the overbought zone, suggesting some consolidation in the short term.
Target and Support Levels
According to Choice International analyst Akash Shah, if the stock sustains above ₹42, it could move up to ₹48 to ₹52. ₹36 is considered immediate support, and ₹32 is considered a strong stop-loss.
Meanwhile, Anand Rathi's technical expert Ganesh Dongre believes that a strong breakout above ₹46 could take the stock to ₹60. He advises investors to adopt a "buy on dips" strategy.
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