PCBL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 2.9

Here’s a detailed technical analysis of PCBL (Phillips Carbon Black Ltd)

📊 Trend Analysis

Current Trend: The stock is in a weak consolidation phase, hovering just below its 50-DMA (₹390) and 200-DMA (₹393), indicating indecision and lack of momentum.

52-Week Positioning: Trading at 22.5% of its 52-week range (₹331 – ₹584), suggesting it’s near the lower end and has underperformed significantly.

📈 Momentum Indicators

RSI (51.1): Neutral zone. Neither overbought nor oversold, indicating lack of strong directional bias.

MACD (0.31): Barely positive, suggesting weak bullish crossover but not enough to confirm momentum.

Volume: Current volume (4.23L) is significantly below 1-week average (6.50L), showing declining interest and low conviction.

📉 Chart Patterns & Moving Averages

Price Action: The stock has failed to hold above key moving averages, with repeated rejections near ₹390–₹395.

Support Levels

₹375 (recent swing low)

₹360 (psychological support)

Resistance Levels

₹390–₹393 (DMA cluster)

₹410–₹420 (previous breakdown zone)

📌 Bollinger Bands

Price is near the middle band, with narrowing bands indicating low volatility and consolidation. No breakout signal yet.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 360–375 Near support, risk-reward favorable

Exit (Short) 390–395 DMA resistance zone

Exit (Long) 420–440 If breakout sustains above ₹395

🔍 Market Behavior

Trending: No, price is range-bound and lacks volume confirmation.

Consolidating: Yes, tight range between ₹375–₹395 with low volatility.

Reversing: Not yet. MACD and RSI are neutral; no strong reversal signals.

🧠 Summary

PCBL is technically weak and consolidating near key moving averages. Momentum indicators are neutral, and volume is declining. Traders should wait for a breakout above ₹395 with volume confirmation before initiating long positions. Accumulation near ₹360–₹375 may offer favorable risk-reward for swing trades.

Sources: Investing.com PCBL Technicals

1

, Trendlyne Analyst Reports

2

, ETMoney PCBL Technicals

3

1

in.investing.com

2

trendlyne.com

3

www.etmoney.com

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