Stock Radar: Buy the dip! Pricol trades around crucial support zone of over 4-month consolidation

Experts suggest short-term traders can consider buying on dips in Pricol stock, targeting levels above Rs 600 over the next 3-4 weeks. The stock, which is part of the BSE Smallcap index, peaked at Rs 598 but couldn’t maintain momentum, closing at Rs 529 on January 13, 2025. Since August 2024, it has been trading within a range, with resistance at Rs 538 and support around Rs 400. The 50-week moving average provided critical support in October and November 2024. After breaking out of a 4-month range in December 2024, the stock is now trading around these breakout levels, closing at Rs 540 on January 14.