Technical Evaluation: Pricol Ltd, Support and Resistance

The stock

is currently in a sharp corrective pullback phase within its broader primary uptrend on the daily timeframe. After an aggressive multi-month rally from the 520 base to an all-time peak near 830 the stock experienced heavy profit-taking and is now approaching a key historical breakout retest area. Current Trend: Trading around 662.70 the stock has printed multiple consecutive red candles in a steep descent from the 800+ levels. Short-term momentum remains firmly in the hands of sellers as price seeks a floor. Immediate Support (640 – 660) The 640 to 660 band serves as the primary polarity support and demand base. This zone marks the prior multi-month swing highs and consolidation ceiling from late 2025 and mid-2026 which should now function as strong demand. Immediate Resistance (720 – 760) On any technical relief rally the previous lower swing points between 720 and 760 will act as the first overhead supply ceiling. For short-term traders, entering immediately while the stock is in free-fall carries unnecessary downside risk. A safer setup involves waiting for the price to stabilize around the 640–660 demand zone contract its daily volatility, and print a confirmed bullish reversal candle.