PCBL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis Summary for PCBL (PCBL Chemical Ltd.)

Technical Rating: 2.9

📉 Trend & Momentum Overview

Trend Status: Reversing to bearish

Price Action: Trading below both 50 DMA (₹406) and 200 DMA (₹396), indicating short-term and long-term weakness.

RSI (39.9): Bearish zone, suggesting oversold conditions but no reversal yet.

MACD (-3.65): Negative, confirming bearish momentum.

Volume: Current volume (7.7L) is less than half of 1-week average (15.9L), showing fading interest.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50 DMA and < 200 DMA → bearish bias.

No crossover signals → trend remains weak.

Bollinger Bands

Price near lower band → oversold territory.

Bands widening → increasing volatility.

Support & Resistance Zones

🔍 Short-Term Signals

Momentum: Weak; RSI and MACD both bearish.

Volume Trend: Declining, not supporting bullish reversal.

Volatility: Rising; Bollinger Band expansion suggests potential sharp moves.

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹385–₹390 (near support, oversold signals)

Exit Target Zone: ₹405–₹410 (resistance cluster near 50 DMA)

Stop Loss: ₹375 (below support zone)

🧭 Conclusion

PCBL is showing signs of a bearish reversal, with momentum indicators and moving averages pointing to weakness. While the RSI suggests oversold conditions, confirmation is needed before any bullish entry. A bounce from support is possible, but volume and MACD crossover are key to watch.

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