PG Electroplast Ltd – Technical View
Timeframe: Daily
The stock is trading inside a rising channel and has recently moved back towards the upper Bollinger Band, indicating improving momentum. Price is holding above the 20-DMA, showing short-term strength, but faces supply near the Top-2 resistance zone, where prior rejections were seen.
🔑 Key Levels
Immediate Resistance: ₹610 – ₹620 (Top-2 zone)
Major Resistance: ₹645 – ₹660
Support Zone: ₹575 – ₹565
Lower Support: ₹545 – ₹530
📉 Outlook
Sustaining above ₹620 can trigger fresh upside towards ₹645 / ₹660.
Rejection from the current zone may lead to a pullback towards ₹575.
Trend remains positive as long as price holds above ₹565 within the rising channel.
⚠️ Educational view only. Not a buy/sell recommendation.
— AALGO BREATHS