PCBL

Slips Deeper Into Downtrend

remains firmly bearish as the stock continues to trade in a clear lower-high, lower-low structure, indicating sustained selling pressure. The failure to hold above key moving averages and repeated rejections near the ₹320–330 zone highlight strong supply at higher levels. Despite a brief bounce from recent lows, the broader trend stays weak, and unless the stock decisively reclaims ₹300–310, further downside risk toward lower support levels remains elevated.