Technical Analysis Pricol Ltd.

The stock $PRICOLLTD is found strong support in the ₹510–₹520 zone around April. It has successfully formed a higher bottom since then showing early signs of a trend reversal from bearish to sideways/bullish. The price is currently consolidating between ₹560 and ₹600. It is attempting to hold above its recent swing lows indicating absorption of selling pressure. After hitting a peak near ₹690–₹700 late last year, the stock entered a corrective phase making lower highs and lower lows. Immediate Resistance ₹600 A psychological level and recent swing high. A clean breakout above this triggers the next leg upside. Major Resistance ₹640 and ₹690 Previous major peaks. Strong Demand Zone ₹510 – ₹520 Major bottom where aggressive buying emerged previously. For short-term buyers the stock offers a tactical opportunity if it stays above the immediate support of ₹550 a clean breakout above the ₹600 resistance level will confirm strong momentum targeting ₹640+ in the near term. For long-term holders the stock remains fundamentally well-structured as it has formed a solid base and a higher bottom around the ₹510–₹520 demand zone signaling that the major corrective phase is exhausting.