PRL could reverse for another rally soon

PRL stock has been going down for a few days but it looks like the stock could be poised for reversal soon.

Here is how the monthly chart is looking. As can be seen, the stock is taking a correction, which is healthy.

On the weekly chart, the stock is set to test the Rs. 30 to Rs. 34 levels, which can be considered previous resistances. A support at these levels is crucial for a reversal.

The daily chart tells a similar story

Monthly volumes also look healthy.