PGEL – BREAKING OUT WITH MOMENTUM ⚡📈
Price: ₹604 (+5.9%)
PGEL
Structure: After months of consolidation post the July crash, PGEL is finally showing a clean upward shift.
Technical Strength:
RSI rising to 62.6, momentum back above mid-line.
Strong bullish candles with improving volumes.
Price reclaiming a major supply zone around 595–605.
First higher-high after 3 months → trend reversal confirmation.
Short-Term View: Bullish, but overhead resistance around 645–660.
Targets: 640 / 665
Stop-loss: 565
Note: Volatility still high due to earlier operator-driven moves — position sizing important.
#EquityResearch#SectorBreakouts#TechnicalViews
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