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.

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The daily chart tells a similar story

Monthly volumes also look healthy.

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⚠️ 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 →