PGEL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.8

📊 Technical Analysis Summary

• Trend Status: Reversing from downtrend
• Current Price: ₹571
• RSI (52.3): Neutral zone — balanced momentum
• MACD (4.24): Bullish crossover — positive momentum building
• Volume: Above average (12.7L vs 1-week avg 10.6L) — rising interest
• DMA 50/200: Price below both (₹582 & ₹665) — recovery phase
• Bollinger Bands: Price near mid-band — potential breakout setup

📈 Entry & Exit Zones

• Support Levels: ₹560 / ₹530 / ₹465
• Resistance Levels: ₹582 / ₹600 / ₹665
• Optimal Entry: ₹560–₹570 (on minor pullback)
• Exit Target: ₹600–₹665 (if momentum sustains)

✅ Positive

• MACD bullish crossover suggests trend reversal
• Volume spike indicates growing investor interest
• Low debt-to-equity ratio (0.02) — strong financial discipline

⚠️ Limitation

• Price still below key moving averages — trend not fully confirmed
• High P/E (165) and PEG (4.46) — expensive valuation
• Dividend yield is negligible (0.04%)

📉 Company Negative News

• FII holding dropped by 1.57% — foreign investor exit
• ROCE (6.83%) and ROE (4.87%) — below industry standards

📈 Company Positive News

• Quarterly PAT rose from ₹22.8 Cr to ₹31.8 Cr — 73.2% growth
• DII holding increased by 0.74% — domestic investor confidence

🏢 Industry

• PGEL operates in consumer electronics — cyclical but high-demand sector
• Industry P/E is 26.6 — PGEL trades at a premium
• Sector benefits from festive demand and rural penetration

🧾 Conclusion

• PGEL is currently reversing from a downtrend with early bullish signals
• Entry near ₹560–₹570 may offer upside toward ₹600–₹665
• Valuation remains stretched — suitable for momentum traders, cautious for long-term investors