PCBL CHEMICAL LTD (NSE: PCBL) is breaking out to the upside

Currently, the stock is completing a falling wedge pattern, which is a bullish pattern.

All important levels have been marked on the chart.

Looking at the chart, we can say that if the price sustains above ₹414, there is a high probability that the stock will reach the ₹576 target.

For the past few days, volume has increased, confirming the breakout. If we enter the stock at ₹414, we can achieve the target with
Risk: Reward :: 1 : 6.3

Reasons:
✅ Breakout from falling wedge – a strong bullish signal
✅ Price crossed above the 50-day EMA, confirming trend reversal
✅ RSI is above 63, indicating bullish momentum
✅ Stock is above the 200-day EMA, signaling long-term strength
✅ Volume surge confirms buyer interest


Verdict: Bullish
Plan of Action:
Enter once the breakout is confirmed above ₹414

BUY: ₹414
Stoploss: ₹386
Target: ₹576
Trailing SL: ₹390