PEOPLE'S INSURANCE PLC
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153
The stock has been trading in a horizontal channel for almost 10 months while forming a bullish divergence on RSI, which suggests rising buying pressure. However, the price still faces strong resistance around Rs. 25 to 25.30 and needs to break out of this level to confirm an uptrend.

Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Note
07/03/2023
The stock found resistance from sellers around Rs. 25 levels. We may see the stock going in for further consolidation before breaking above these levels.

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