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Rakesh Madhav CFA

26th Nov · SEBI-Registered Analyst

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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