PGEL - Technical Analysis

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

📊 Technical Analysis Summary for PGEL (PG Electroplast Ltd.)

Technical Rating: 4.1

📉 Trend & Momentum Overview

Trend Status: Trending upward with bullish momentum

Price Action: Trading above both 50 DMA (₹790) and 200 DMA (₹748), indicating strong short- and long-term bullish bias.

RSI (56.0): Slightly bullish, not overbought — room for upside.

MACD (8.58): Positive crossover, confirming bullish momentum.

Volume: Slightly below 1-week average, but still healthy — no major divergence.

📈 Chart Patterns & Indicators

Moving Averages

Price > 50 DMA > 200 DMA → bullish alignment.

No signs of reversal; trend intact.

Bollinger Bands

Price near upper band → bullish pressure.

Bands widening → increasing volatility, potential breakout.

Support & Resistance Zones

🔍 Short-Term Signals

Momentum: Bullish; MACD and RSI both support upside.

Volume Trend: Slight dip, but not alarming.

Volatility: Rising; Bollinger Band expansion suggests breakout potential.

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹795–₹805 (near support, trend continuation)

Exit Target Zone: ₹835–₹850 (resistance cluster)

Stop Loss: ₹780 (below 50 DMA)

🧭 Conclusion

PGEL is currently trending upward, supported by strong technical indicators. The bullish MACD crossover, RSI above 50, and price action above key moving averages all point to continued strength. A breakout above ₹835 could open up further upside toward ₹880. However, watch for volume confirmation to validate momentum.

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