Forecasting Stock Price Movements Using Fundamental and Technical Analysis: A CaseStudy of Ola Electric

The fast-growing electric vehicle (EV) sector in India has drawn considerable attention from investors and financial analysts. This research paper aims to evaluate and forecast the stock price trends of Ola Electric through a combination of fundamental and technical analysis techniques. As Ola Electric emerges as a major player in the Indian EV industry, it is crucial for investors and stakeholders to understand its financial health and how it fits into the broader market. The analysis starts with a comprehensive examination of the company's financials, including profitability, liquidity, solvency, and valuation metrics as presented in its financial reports. At the same time, technical analysis is conducted using historical stock data, incorporating tools like moving averages, the Relative Strength Index (RSI), MACD, and candlestick patterns to identify market trends and potential trading signals. By combining both fundamental and technical aspects, this study highlights how intrinsic value and market sentiment together influence stock price behavior. The findings show that the integration of these approaches leads to more accurate forecasting and a more thorough assessment of the investment opportunities in this dynamic market. This study not only explores the performance of Ola Electric but also contributes to conversations about investing in high-growth industries in the EV sector.