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PG ELECTROPLAST – Volume Breakout from Tight Base________________________________________________________________________________ 📈 PG ELECTROPLAST – Volume Breakout from Tight Base | Bullish Momentum Brewing 🕒 Chart Type: Daily Chart 📆 Date: July 9, 2025 ________________________________________________________________________________ 📌 Price Action: PG ELECTROPLAST LTD has shown an impressive breakout from a tight base, rising from the 735–755 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. ________________________________________________________________________________ 📊 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 — especially when confirmed by broader volume activity. ________________________________________________________________________________ 🕯️ 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 “Buy Today, Sell Tomorrow” short-term momentum logic, especially for educational model trades. ________________________________________________________________________________ 🔊 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 — 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. ________________________________________________________________________________ 📈 Technical Indicators: RSI (Daily): 56 — rising from neutral territory, not yet overbought MACD: Bullish crossover active on Daily & Monthly Stochastic: 90 on Daily – indicates strong upward momentum CCI: 155 – overbought but in a bullish continuation zone Bollinger Bands: Price broke out of a tight squeeze zone — start of volatility expansion phase BB Squeeze + Bullish VWAP: Adds confirmation that the trend is beginning to expand ________________________________________________________________________________ 🧱 Support & Resistance: 🔺 Resistance Levels: 810.43 – First resistance to watch above current price 832.12 – Prior swing level; price may pause or consolidate here if momentum continues 867.33 – Longer-term resistance zone, marked as a level of interest Top Range: 1054.2 – Long-term weak resistance zone that triggered the previous major selloff 🔻 Support Levels: 753.53 – Closest support below breakout 718.32 – Well-tested swing level; acted as floor in recent range 696.63 – Important structural support Bottom Range (Demand Zone): 597.05 – Major long-term support, last zone from where price rallied strongly ________________________________________________________________________________ 👀 What’s 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 — it’s 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. ________________________________________________________________________________ 🔍 What We’re 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. We’re also watching for a possible retest toward the 753–755 zone — 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 — not predictions. ________________________________________________________________________________ ✅ 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 753.53–755 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 — price action will guide the outcome ________________________________________________________________________________ 💼 Sector Tailwinds: PG ELECTROPLAST operates in the electronics and contract manufacturing sector — two spaces getting a major boost from PLI schemes, China+1 shift, and rising domestic demand. India’s 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. ________________________________________________________________________________ ⚠️ 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 — so expect volatility and avoid over positioning Never trade based only on breakout excitement — always wait for confirmation and manage risk first ________________________________________________________________________________ 🔮 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 (753–755) 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. ________________________________________________________________________________ 🧠 How to Trade PG ELECTROPLAST (For Educational Use Only): Breakout Plan (Hypothetical): 🔹 Entry: Above 796.90 (only if price sustains) 🔹 Stop Loss: 736.95 (closing basis; risk-controlled) 🔹 Trade Logic: Use position sizing as per capital and SL distance 🔹 Risk-Reward: Look for 1:1 minimum, trail for 1:2+ if structure expands — don’t fix targets, let the chart lead 🔹 Pullback Buy: Into 753–755 zone with same SL (if structure supports) ________________________________________________________________________________ ⚠️ Disclaimer (Please Read): • This chart is shared for educational purposes only and is not investment advice. • I am not a SEBI-registered advisor. • The information provided here is based on personal market observation. • No buy/sell recommendations are being made. • Please do your own research or consult a registered financial advisor before making any trading decisions. • Trading involves risk. Always use proper risk management. ________________________________________________________________________________ 💬 Found this helpful? Where would you look for a trade in PG — breakout follow-through or pullback into the support zone? Share your thoughts or questions in the comments ⬇️ 🔁 Share this with your trading community ✅ Follow STWP for clean technical setups backed by price action and volume 🚀 Let’s trade with patience, logic, and clarity! Be Self-Reliant | Trade with Patience | Learn with Logic ________________________________________________________________________________
NSE:PGELLong
by simpletradewithpatience
2
Pg Electroplast Limited - Breakout Setup, Move is ON...#PGEL trading above Resistance of 853 Next Resistance is at 1200 Support is at 599 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PGELLong
by MandeepSinghKohli
Pg Electroplast Limited - Breakout Setup, Move is ON...#PGEL trading above Resistance of 599 Next Resistance is at 853 Support is at 439 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PGELLong
by MandeepSinghKohli
Rocket has been launched after Breakout of PG Electroplast Ltd.PG Electroplast Limited is the flagship company of the PG Group, and is one of the leading players in India in Electronics Manufacturing Services. It is a diversified EMS providing OEM and ODM solutions for complete product and component manufacturing. Market Cap ₹ 3,759 Cr. Current Price ₹ 1,653 High / Low ₹ 1,716 / 821 Stock P/E 39.6 Book Value ₹ 174 Dividend Yield 0.00 % ROCE 17.3 % ROE 21.9 % Face Value ₹ 10.0 Debt ₹ 577 Cr. EPS ₹ 41.9 PEG Ratio Promoter holding 61.2 % Intrinsic Value ₹ 999 Pledged percentage 0.00 % EVEBITDA 20.5 Guy's we have seen neat and clean Falling Trendline Breakout in PG Electroplast. Now this can become Rocket as buyers going to enter here to ride the rally. This Breakout getting support of Volumes. Volumes is an important indicator that can often confirm whether a Stock has given a valid Breakout or a false Breakout from a support or resistance trendline. A valid or genuine Breakout occurs on high volumes while a false breakout occurs on low Volume. Hence in case of a Breakout, it is a very important to look at Volumes. Some Positive Technical Factor about this Ticker:- Price is above 200 EMA We have seen Proper Falling Trendline breakout with Good Volume Price is sustaining above breakout trendline MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already) Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:PGELLong
by TraderRahulPal
10
PG Electroplast LimitedPGEL:- Rounding bottom pattern has formed, wait for the breakout on the hourly chart, till then keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:PGELLong
by AjayDhakad_Keep_it_simple