PGEL | TECHNO-FUNDA ANALYSIS

PG Electroplast Ltd – 1D

Trend: Consolidating after a sharp decline; forming base near support. Support: ₹465 | Immediate Support: ₹520 Resistance: ₹596 | Next: ₹714 Technical View: Stock holding above ₹520 zone after steep correction, indicating potential reversal if it crosses ₹596 with volume. Favorable risk–reward near support. Fundamentals (Short): EMS & white goods manufacturer; strong order inflows and government PLI benefit, but margins remain volatile due to input costs. Verdict: ⚡ Buy above ₹596 for targets ₹714–₹835; SL ₹520.