Date 13.07.2026
PCBL Limited
Timeframe : Day Chart
Cmp 322
Technical :
(1) Formed inverted head & shoulder patter
(2) The neckline is coinciding with 200 ema
(3) Rsi is above mean reversion showing mometum
(4) Resistance trendline is also coinciding with neckline + 200 ema
Fundamental Caution For Breakout :
(1) Pcbl is heavily dependent on Crude
(2) Crude is a major input cost for carbon black
(3) Carbon black makes up over 80% of the entire top line for PCBL
(4) Any relief in crude followed by technical breakout will be sustainable
(5) Bent under $80 per barrel, PCBL maintains strong operating leverage.
(6) It comfortably sustains its structural operating margins around 11% to 13%
(7) Once oil crosses $85, the company faces immediate working capital inflation.
(8) 20% to 25% of PCBL's sales volume is sold on the open spot market rather than through formula contracts
(9) When crude spikes past $95, passing on immediate, aggressive price hikes to spot buyers becomes difficult due to competitive pressures
Regards,
Ankur SIngh
PCBL Limited
Timeframe : Day Chart
Cmp 322
Technical :
(1) Formed inverted head & shoulder patter
(2) The neckline is coinciding with 200 ema
(3) Rsi is above mean reversion showing mometum
(4) Resistance trendline is also coinciding with neckline + 200 ema
Fundamental Caution For Breakout :
(1) Pcbl is heavily dependent on Crude
(2) Crude is a major input cost for carbon black
(3) Carbon black makes up over 80% of the entire top line for PCBL
(4) Any relief in crude followed by technical breakout will be sustainable
(5) Bent under $80 per barrel, PCBL maintains strong operating leverage.
(6) It comfortably sustains its structural operating margins around 11% to 13%
(7) Once oil crosses $85, the company faces immediate working capital inflation.
(8) 20% to 25% of PCBL's sales volume is sold on the open spot market rather than through formula contracts
(9) When crude spikes past $95, passing on immediate, aggressive price hikes to spot buyers becomes difficult due to competitive pressures
Regards,
Ankur SIngh
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.