PGEL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 2.6

Here’s a detailed technical analysis of PGEL (PG Electroplast Ltd)

📊 Trend Analysis

Current Trend: PGEL is in a downtrend. The stock is trading below both its 50-DMA (₹631) and 200-DMA (₹701), confirming bearish sentiment.

52-Week Positioning: At just 17.4% of its 52-week range (₹465 – ₹1,055), the stock is near its yearly lows, indicating significant underperformance.

📈 Momentum Indicators

RSI (42.6): Bearish to neutral. Below 50 suggests weak buying interest, though not yet oversold.

MACD (-18.2): Strong negative divergence. Reinforces bearish momentum with no signs of reversal.

Volume: Current volume (10.35L) is well below the 1-week average (17.45L), indicating fading interest and lack of accumulation.

📉 Chart Patterns & Moving Averages

Price Action: The stock has broken below key moving averages and failed to reclaim them, showing persistent weakness.

Support Levels

₹550 (recent swing low)

₹465 (52-week low and psychological support)

Resistance Levels

₹631 (50-DMA)

₹660–₹680 (previous breakdown zone)

📌 Bollinger Bands

Price is hugging the lower band, suggesting oversold conditions. However, without volume confirmation, a bounce is uncertain.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 465–490 Near 52-week low, potential bottom

Exit (Short) 630–650 Resistance zone, near 50-DMA

Exit (Long) 700–720 If breakout sustains above 200-DMA

🔍 Market Behavior

Trending: Yes, but bearishly.

Consolidating: No, price is declining with weak volume.

Reversing: Not yet. Indicators suggest continued weakness.

🧠 Summary

PGEL is technically weak, trading near yearly lows with bearish momentum. RSI and MACD confirm the downtrend, and volume is declining. Traders should wait for signs of reversal or accumulate cautiously near ₹465 with tight stop-losses. A breakout above ₹631 with volume would be the first bullish signal.

Let me know if you'd like a comparative analysis with peers or sector trends.

Edit in a page