PGEL is currently in a long-term downtrend, consistently making lower highs and lower lows since April 2025. It recently broke a key support near ₹750 with strong volume, indicating increased selling pressure. The next major support lies around ₹700–₹680. With earnings scheduled tomorrow, the stock’s direction will largely depend on the results. A strong recovery above ₹800 is needed to shift the long-term sentiment to bullish. Until then, it appears weak for long-term investment, and it’s better to wait for a confirmed reversal with strong buying interest.
BUY : PGEL-EQ( PGEL ) [25358]
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