The Economic Times News

Ola shares signal tactical bounce, but trend reversal lacks conviction: Anand James

Ola shares closed the week 6% lower despite rebound on Friday, reflecting continued weakness in the broader trend. While short-term technical indicators hint at a possible relief bounce, Anand James, Chief Market Strategist, Geojit Investments Limited, cautions that the stock lacks confirmation of a sustainable reversal, suggesting more consolidation or downside risk ahead.