PGEL

Looking Good For Short >>>>>>

is trading weak after a sharp breakdown from 1000 levels and is now consolidating below the key resistance zone of 588–644, indicating selling pressure on every rise. Indicators remain bearish with MACD still in negative territory, ADX showing a weak trend, and RSI at 42 reflecting lack of buying strength. Unless the stock sustains above 588–644, the bias stays short with downside potential towards 540–520 and even 480, while stop-loss for short positions can be kept around 600–610.