Precision Camshafts is on a bullish rally since yesterday, gaining +39.29%. Key observations to note are that since the ATH in Dec 2024, the stock was in a downtrend which has reversed since Apr 2025, as the stock been forming Higher Lows. and a Triangle pattern is formed as shown. Since the past two sessions, the stock is able to BreakOut of the Triangle pattern as well as BreakOut of the Daily resistance trendlines with huge volumes, showing buyer interest.
On an upside, if the momentum continues, we may see the stock go to 290 levels. If the stock is unable to sustain the momentum and goes down, we may see 168 levels.
Price-action in the coming days will dictate how the stock goes forward. Keep monitoring !!
On an upside, if the momentum continues, we may see the stock go to 290 levels. If the stock is unable to sustain the momentum and goes down, we may see 168 levels.
Price-action in the coming days will dictate how the stock goes forward. Keep monitoring !!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.