PRECISION CAMSHAF NSE By KRS Charts

Updated
Date : 23rd May 2024
Time : 1:08 pm


Fundamentally Profitable Company Precision Camshaf is showing bullish trait.

--> In Weekly TF Cup & Handle Chart Pattern is visible with Bullish Continues Divg. with recent Low price point.

---> Breakout of C&H was held in July after that price action creating Flag & Pole Pattern from that time period, and currently took support from 100EMA and Neckline of C&H pattern.

Very First Upside Target is 333 Rs which is height of flag, Further Targets will be after price reach T1.

Thank You!
Have A Good Day!
Trade active
Good Weekly Closing on 203~Rs.
18th June was Ex-Dividend date so in case of gap down,
Better Entry will be 188 Rs to 196 Rs.
Note
ABOVE 174 Rs it safe
Short term correction can be 187 Rs.
Note
PRECAM
- Multiple Time it Took support from same price range.
- 100EMA is holding it in Weekly.
- 5+ % Upside today
- Near Range Breakout
Note
-200 Rs is Hurdle to Break and Sustain too
Because 100Ema is right above it and 200 is psychological number too.
Note
Multiple Range Breakouts with 13% Upside Spike Today❤️
Note
Again Touched 8% Today 🎇⬆️
Trade active
T1 is still Loading
Took Support on 100 EMA in 1D Tf.
Trade active
Back to the previous level after FVG got filled.
Breakout and closing above 283 what's we are looking for in PRECAM!!
Trade active
***ABOVE SHOWN TARGET WAS OF PREDICTED BREAKOUT***⚠️⚠️
But Actual Breakout was little different
Updated Targets CMP 295 Rs**
1️⃣ 313 Rs Flag Target
2️⃣ 352 Rs Cup & handle
3️⃣ 450 Rs Pole Target
Trade active
Target 1 Achieved ✅

In case of Profit Booking,
280 to 260 Price range will be good price for Avg. or New Entry!!
Trade active
This Week Reversed From 280 to 260 as Mentioned above 🙄
Let see Breaks and Makes New High or not 🤞
Trade active
10 % Move Today
T2 is near 352 Rs. 🤞
Note
Target 2 Achieved 🔥
Trade closed: target reached
Exit Criteria - 1W TF + 8 EMA | Closing below 8 EMA and you can Exit PRECAM 👍
Bullish FlagbuyChart PatternscupandhandlepatternTechnical IndicatorsnseindiaprecisioncamshaftsTrend Analysis

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