PDS Ltd – Technical View
Timeframe: Daily
The stock is trading in a sideways to weak structure after forming multiple rejections near the upper Bollinger Band.
Price is currently hovering below the 20-DMA / middle Bollinger Band, indicating lack of momentum.
Formation of Lower Highs (Top-1 & Top-2) suggests distribution and selling pressure at higher levels.
🔑 Key Levels
Immediate Resistance: ₹380 – ₹385
Major Resistance: ₹405 – ₹420
Support Zone: ₹360 – ₹355
Lower Support: ₹344 – ₹330
📉 Outlook
Sustained trade below ₹360 can accelerate downside towards ₹344 / ₹330.
Any pullback towards ₹380–385 is likely to face selling pressure.
Trend remains weak to sideways unless price reclaims ₹385 with volume.
📌 Trading Insight
Sell on rise near resistance zones.
Fresh strength only above ₹385 (daily close basis).
⚠️ Educational view only. Not a buy/sell recommendation.
📌 Trade with strict risk management.
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