🚀 PRECISION WIRES INDIA BREAKOUT ALERT ⚡
PRECWIRE just broke above the consolidation zone!
📊 Chart Highlights:
Multi-year uptrend intact since 2019
Fresh breakout above ₹195 resistance
Current: ₹208.69 (+15.18% recent move)
Volume surge confirms institutional buying
💡 Fundamental Catalysts:
₹70 crore expansion approved (copper rod capacity)
India's copper demand to grow 12% in 2025
Company leading South Asia's winding wire market
⚠️ Key Levels:
Support: ₹180-185 | Target: ₹240+
The copper wire manufacturing sector benefits from India's infrastructure boom and renewable energy push. With copper demand projected to reach 3.24 million tonnes by FY2030, PRECWIRE's expansion timing looks strategic.
Breakout + Strong fundamentals = Worth watching! 📈
#StockMarket #TechnicalAnalysis #Breakout #CopperStocks #IndianStocks
PRECWIRE
PRECWIRE just broke above the consolidation zone!
📊 Chart Highlights:
Multi-year uptrend intact since 2019
Fresh breakout above ₹195 resistance
Current: ₹208.69 (+15.18% recent move)
Volume surge confirms institutional buying
💡 Fundamental Catalysts:
₹70 crore expansion approved (copper rod capacity)
India's copper demand to grow 12% in 2025
Company leading South Asia's winding wire market
⚠️ Key Levels:
Support: ₹180-185 | Target: ₹240+
The copper wire manufacturing sector benefits from India's infrastructure boom and renewable energy push. With copper demand projected to reach 3.24 million tonnes by FY2030, PRECWIRE's expansion timing looks strategic.
Breakout + Strong fundamentals = Worth watching! 📈
#StockMarket #TechnicalAnalysis #Breakout #CopperStocks #IndianStocks
PRECWIRE
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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.