________________________________________________________________________________
๐ PG ELECTROPLAST โ Volume Breakout from Tight Base | Bullish Momentum Brewing
๐ Chart Type: Daily Chart
๐ Date: July 9, 2025
________________________________________________________________________________
๐ Price Action:
PG ELECTROPLAST LTD has shown an impressive breakout from a tight base, rising from the 735โ755 congestion zone with a wide-range bullish candle on July 9. The candle had an open = low structure, closed near the high, and was backed by massive volume. This signals clear buying strength and suggests that bulls are stepping in after a period of low volatility and sideways movement. The stock had been trading in a narrow band and has now broken out with strong conviction, hinting at the beginning of a possible trend reversal or a short-term momentum rally.
________________________________________________________________________________
๐ Chart Pattern:
The chart displays a tight base breakout from a multi-week compression zone. While not a textbook wedge or flag, the narrowing range combined with flat moving averages suggested the stock was coiling up for a move. The breakout candle pierced the upper end of the range, with volume confirming that it wasn't a false push. This kind of price behaviour often leads to trend expansion โ especially when confirmed by broader volume activity.
________________________________________________________________________________
๐ฏ๏ธ Candlestick Pattern:
Bullish Engulfing Candle
Open = Low Structure
Strong Bullish Range Candle
This combination, particularly when seen after a base, is a strong signal of fresh buying interest. It also fits the โBuy Today, Sell Tomorrowโ short-term momentum logic, especially for educational model trades.
________________________________________________________________________________
๐ Volume Analysis:
The breakout was supported by a 10-day volume breakout, with volumes spiking over 3x the average. This is not just intraday noise โ it reflects strong delivery participation and genuine interest. Volume spike at breakout is a key sign of smart money involvement. Moreover, the spike occurred from a compressed base, which adds further weight to the strength of the breakout.
________________________________________________________________________________
๐ Technical Indicators:
RSI (Daily): 56 โ rising from neutral territory, not yet overbought
MACD: Bullish crossover active on Daily & Monthly
Stochastic: 90 on Daily โ indicates strong upward momentum
CCI: 155 โ overbought but in a bullish continuation zone
Bollinger Bands: Price broke out of a tight squeeze zone โ start of volatility expansion phase
BB Squeeze + Bullish VWAP: Adds confirmation that the trend is beginning to expand
________________________________________________________________________________
๐งฑ Support & Resistance:
๐บ Resistance Levels:
810.43 โ First resistance to watch above current price
832.12 โ Prior swing level; price may pause or consolidate here if momentum continues
867.33 โ Longer-term resistance zone, marked as a level of interest
Top Range: 1054.2 โ Long-term weak resistance zone that triggered the previous major selloff
๐ป Support Levels:
753.53 โ Closest support below breakout
718.32 โ Well-tested swing level; acted as floor in recent range
696.63 โ Important structural support
Bottom Range (Demand Zone): 597.05 โ Major long-term support, last zone from where price rallied strongly
________________________________________________________________________________
๐ Whatโs Catching Our Eye:
The combination of price compression, bullish engulfing breakout, and high volume participation makes this setup stand out. Volume is not just high โ itโs clean and backed by structure. The candle formation, RSI breakout, and BB squeeze all come together, creating a powerful setup for momentum continuation. This kind of alignment is rare and usually signals smart money entry.
________________________________________________________________________________
๐ What Weโre Watching For:
The most critical zone is the 796.90 breakout level. If price sustains above it for the next couple of sessions, the structure remains intact. Weโre also watching for a possible retest toward the 753โ755 zone โ if the stock pulls back there on low volume and bounces again, it may offer a low-risk entry setup. Continuation beyond 810 could build momentum, but we will rely on risk-reward and price behaviour โ not predictions.
________________________________________________________________________________
โ Best Buy Level for Equity (Low Risk Idea):
Breakout Entry: Above 796.90, only on follow-through or sustained closing above breakout zone
Pullback Entry: Into the 753.53โ755 support zone if the price stabilizes and shows a bullish reversal
Stop Loss: Structure-based, below 736.95 (on closing basis)
Risk-Reward Thinking: Look for 1:1 initially, then trail the stop as the move develops; no fixed projections โ price action will guide the outcome
________________________________________________________________________________
๐ผ Sector Tailwinds:
PG ELECTROPLAST operates in the electronics and contract manufacturing sector โ two spaces getting a major boost from PLI schemes, China+1 shift, and rising domestic demand. Indiaโs push toward import substitution, rising middle-class consumption, and government incentives are all helping businesses like PG scale up. This provides a strong macro tailwind to any technical strength seen on charts.
________________________________________________________________________________
โ ๏ธ Risk to Watch:
If price slips back below 753, the breakout weakens
A close below 736.95 negates the breakout setup and could invite selling pressure
Indicators are showing strength, but slightly stretched โ so expect volatility and avoid over positioning
Never trade based only on breakout excitement โ always wait for confirmation and manage risk first
________________________________________________________________________________
๐ฎ What to Expect Next:
If the price holds above 796.90, the path toward 810.43 may open up quickly. Sustained volume and consolidation near highs would indicate strength, while sharp rejection could signal a trap. A minor pullback to support zones (753โ755) could offer a second opportunity if structure holds. The next few candles will tell us whether this breakout becomes a trend or just a temporary spike.
________________________________________________________________________________
๐ง How to Trade PG ELECTROPLAST (For Educational Use Only):
Breakout Plan (Hypothetical):
๐น Entry: Above 796.90 (only if price sustains)
๐น Stop Loss: 736.95 (closing basis; risk-controlled)
๐น Trade Logic: Use position sizing as per capital and SL distance
๐น Risk-Reward: Look for 1:1 minimum, trail for 1:2+ if structure expands โ donโt fix targets, let the chart lead
๐น Pullback Buy: Into 753โ755 zone with same SL (if structure supports)
________________________________________________________________________________
โ ๏ธ Disclaimer (Please Read):
โข This chart is shared for educational purposes only and is not investment advice.
โข I am not a SEBI-registered advisor.
โข The information provided here is based on personal market observation.
โข No buy/sell recommendations are being made.
โข Please do your own research or consult a registered financial advisor before making any trading decisions.
โข Trading involves risk. Always use proper risk management.
________________________________________________________________________________
๐ฌ Found this helpful?
Where would you look for a trade in PG โ breakout follow-through or pullback into the support zone?
Share your thoughts or questions in the comments โฌ๏ธ
๐ Share this with your trading community
โ Follow STWP for clean technical setups backed by price action and volume
๐ Letโs trade with patience, logic, and clarity!
Be Self-Reliant | Trade with Patience | Learn with Logic
________________________________________________________________________________
๐ PG ELECTROPLAST โ Volume Breakout from Tight Base | Bullish Momentum Brewing
๐ Chart Type: Daily Chart
๐ Date: July 9, 2025
________________________________________________________________________________
๐ Price Action:
PG ELECTROPLAST LTD has shown an impressive breakout from a tight base, rising from the 735โ755 congestion zone with a wide-range bullish candle on July 9. The candle had an open = low structure, closed near the high, and was backed by massive volume. This signals clear buying strength and suggests that bulls are stepping in after a period of low volatility and sideways movement. The stock had been trading in a narrow band and has now broken out with strong conviction, hinting at the beginning of a possible trend reversal or a short-term momentum rally.
________________________________________________________________________________
๐ Chart Pattern:
The chart displays a tight base breakout from a multi-week compression zone. While not a textbook wedge or flag, the narrowing range combined with flat moving averages suggested the stock was coiling up for a move. The breakout candle pierced the upper end of the range, with volume confirming that it wasn't a false push. This kind of price behaviour often leads to trend expansion โ especially when confirmed by broader volume activity.
________________________________________________________________________________
๐ฏ๏ธ Candlestick Pattern:
Bullish Engulfing Candle
Open = Low Structure
Strong Bullish Range Candle
This combination, particularly when seen after a base, is a strong signal of fresh buying interest. It also fits the โBuy Today, Sell Tomorrowโ short-term momentum logic, especially for educational model trades.
________________________________________________________________________________
๐ Volume Analysis:
The breakout was supported by a 10-day volume breakout, with volumes spiking over 3x the average. This is not just intraday noise โ it reflects strong delivery participation and genuine interest. Volume spike at breakout is a key sign of smart money involvement. Moreover, the spike occurred from a compressed base, which adds further weight to the strength of the breakout.
________________________________________________________________________________
๐ Technical Indicators:
RSI (Daily): 56 โ rising from neutral territory, not yet overbought
MACD: Bullish crossover active on Daily & Monthly
Stochastic: 90 on Daily โ indicates strong upward momentum
CCI: 155 โ overbought but in a bullish continuation zone
Bollinger Bands: Price broke out of a tight squeeze zone โ start of volatility expansion phase
BB Squeeze + Bullish VWAP: Adds confirmation that the trend is beginning to expand
________________________________________________________________________________
๐งฑ Support & Resistance:
๐บ Resistance Levels:
810.43 โ First resistance to watch above current price
832.12 โ Prior swing level; price may pause or consolidate here if momentum continues
867.33 โ Longer-term resistance zone, marked as a level of interest
Top Range: 1054.2 โ Long-term weak resistance zone that triggered the previous major selloff
๐ป Support Levels:
753.53 โ Closest support below breakout
718.32 โ Well-tested swing level; acted as floor in recent range
696.63 โ Important structural support
Bottom Range (Demand Zone): 597.05 โ Major long-term support, last zone from where price rallied strongly
________________________________________________________________________________
๐ Whatโs Catching Our Eye:
The combination of price compression, bullish engulfing breakout, and high volume participation makes this setup stand out. Volume is not just high โ itโs clean and backed by structure. The candle formation, RSI breakout, and BB squeeze all come together, creating a powerful setup for momentum continuation. This kind of alignment is rare and usually signals smart money entry.
________________________________________________________________________________
๐ What Weโre Watching For:
The most critical zone is the 796.90 breakout level. If price sustains above it for the next couple of sessions, the structure remains intact. Weโre also watching for a possible retest toward the 753โ755 zone โ if the stock pulls back there on low volume and bounces again, it may offer a low-risk entry setup. Continuation beyond 810 could build momentum, but we will rely on risk-reward and price behaviour โ not predictions.
________________________________________________________________________________
โ Best Buy Level for Equity (Low Risk Idea):
Breakout Entry: Above 796.90, only on follow-through or sustained closing above breakout zone
Pullback Entry: Into the 753.53โ755 support zone if the price stabilizes and shows a bullish reversal
Stop Loss: Structure-based, below 736.95 (on closing basis)
Risk-Reward Thinking: Look for 1:1 initially, then trail the stop as the move develops; no fixed projections โ price action will guide the outcome
________________________________________________________________________________
๐ผ Sector Tailwinds:
PG ELECTROPLAST operates in the electronics and contract manufacturing sector โ two spaces getting a major boost from PLI schemes, China+1 shift, and rising domestic demand. Indiaโs push toward import substitution, rising middle-class consumption, and government incentives are all helping businesses like PG scale up. This provides a strong macro tailwind to any technical strength seen on charts.
________________________________________________________________________________
โ ๏ธ Risk to Watch:
If price slips back below 753, the breakout weakens
A close below 736.95 negates the breakout setup and could invite selling pressure
Indicators are showing strength, but slightly stretched โ so expect volatility and avoid over positioning
Never trade based only on breakout excitement โ always wait for confirmation and manage risk first
________________________________________________________________________________
๐ฎ What to Expect Next:
If the price holds above 796.90, the path toward 810.43 may open up quickly. Sustained volume and consolidation near highs would indicate strength, while sharp rejection could signal a trap. A minor pullback to support zones (753โ755) could offer a second opportunity if structure holds. The next few candles will tell us whether this breakout becomes a trend or just a temporary spike.
________________________________________________________________________________
๐ง How to Trade PG ELECTROPLAST (For Educational Use Only):
Breakout Plan (Hypothetical):
๐น Entry: Above 796.90 (only if price sustains)
๐น Stop Loss: 736.95 (closing basis; risk-controlled)
๐น Trade Logic: Use position sizing as per capital and SL distance
๐น Risk-Reward: Look for 1:1 minimum, trail for 1:2+ if structure expands โ donโt fix targets, let the chart lead
๐น Pullback Buy: Into 753โ755 zone with same SL (if structure supports)
________________________________________________________________________________
โ ๏ธ Disclaimer (Please Read):
โข This chart is shared for educational purposes only and is not investment advice.
โข I am not a SEBI-registered advisor.
โข The information provided here is based on personal market observation.
โข No buy/sell recommendations are being made.
โข Please do your own research or consult a registered financial advisor before making any trading decisions.
โข Trading involves risk. Always use proper risk management.
________________________________________________________________________________
๐ฌ Found this helpful?
Where would you look for a trade in PG โ breakout follow-through or pullback into the support zone?
Share your thoughts or questions in the comments โฌ๏ธ
๐ Share this with your trading community
โ Follow STWP for clean technical setups backed by price action and volume
๐ Letโs trade with patience, logic, and clarity!
Be Self-Reliant | Trade with Patience | Learn with Logic
________________________________________________________________________________
๐ STWP | Mentor | Demand & Supply Specialist
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
๐ STWP | Mentor | Demand & Supply Specialist
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.