Platinum Industries share price jumps 14%: Technical analyst sees further upside; Check key levels to watch

What happened: Platinum Industries shares jumped nearly 14% on Monday, 19 October, on strong buying interest and higher trading volumes, as investors track expansion plans and new manufacturing facilities. Key numbers: Intraday range ₹200.85 to ₹235 on the BSE. Analyst Rajesh Bhosale cited resistance near ₹250 and support near ₹215 (50-DEMA). Why it matters: Bhosale said the stock crossed its 20-day, 50-day and 200-day exponential moving averages in one session, signalling improving technical momentum, and sees the positive momentum extending near term.

Platinum Industries shares jumped nearly 14% on Monday, 19 October, on strong buying interest and higher trading volumes, as investors track expansion plans and new manufacturing facilities.

Bhosale said the stock crossed its 20-day, 50-day and 200-day exponential moving averages in one session, signalling improving technical momentum, and sees the positive momentum extending near term.