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.

📢 Announcement: We're on WhatsApp – Join Us There! 

Don't miss:

• Which cars are driving the rally in auto stocks?
• 5 High ROE stocks according to Topline Securities
• Why TPLP could go higher.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →