Stock in DEmand Zone: Philips Carbon Black PCBL
PCBL is down from the 52-week high of 583 levels by NEARLY 30%.
20 EMA(black line) has just fallen behind 50 EMA (orange line).
The stock has turned bearish.
Currently, it is trading near 410 levels.
If the current level is retained strongly in the weekly closing, we can expect some consolidation followed by a breakout.
Support levels: 407, 379, 344
Resistance levels: 459, 502, 584
Pros:
20 EMA(black line) has just fallen behind 50 EMA (orange line).
The stock has turned bearish.
Currently, it is trading near 410 levels.
If the current level is retained strongly in the weekly closing, we can expect some consolidation followed by a breakout.
Support levels: 407, 379, 344
Resistance levels: 459, 502, 584
Pros:
- The company is expected to give a good quarter.
- The company has been maintaining a healthy dividend payout of 44.5%.
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