Keeping its bull run intact for the third straight session on Monday, January 5, Ola Electric share price jumped another 8.3% to the day’s high of ₹44.3 apiece, marking its highest level in eight weeks, as investor sentiment toward the Bhavish Aggarwal-led company improved following its market share gains in December.
The recent rally has also pushed Ola Electric’s share price to recover 44% from December 18 lows and deliver a 20% jump in the first three trading sessions of 2026, including today.
Ola shares: Technical view
Technical experts suggest that the ongoing rally in Ola Electric’s share price could lift it toward the ₹50 mark, its highest level since early November.
Anshul Jain, Head of Research at Lakshmishree, said, “Ola Electric on the monthly chart has swept its prior all-time low of 39.6, formed in July 2025, with a clear expansion in volume. This move signals capitulation, where exhausted bulls have been forced out, often a precursor to a technical rebound. The sharp recovery from the lows suggests a classic trap for fresh shorts and early long participation on lower timeframes.”
Ola Electric shares still 48% below 1-year peak
Although Ola Electric shares have staged a solid comeback recently, they are still trading at a steep discount of 48% from their one-year peak of ₹83 apiece.
The stock ended 2025 with a sharp 58% decline, marking the biggest fall among new-age tech stocks. From its post-listing high of ₹157.40, the stock remains down 73% and trades 43% below its issue price of ₹76 apiece.