PRECISION CAMSHAF NSE By KRS ChartsDate : 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.
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Precisioncamshafts
Precision Camshafts cmp 307.95 by Daily Chart viewPrecision Camshafts cmp 307.95 by Daily Chart view
- Earlier Resistance Zone at 298 to 308 now may act as Support Zone
- Stock Price is way above and well sustained over the EMA 9 - 21 - 50 - 100 - 200
- Support Zone 278 to 285 Price Band and neckline to Bullish Head & Shoulders setup
- Daily basis Support at 278 > 232 > 194 with Resistance only at the current ATH 331.70
- Bullish Head & Shoulders Technical pattern setup done with the neckline at Support Zone
- Stock had hit ATH 331.70 on 17th October, 2024 to face the usual profit booking but poised for New Lifetime High Milestones beyond the ATH basis the good Technical Pattern Setup on the chart
The stock of the week!Chart -> Precision Camshaft Weekly
Weekly bullish marubozu breakout. And it is an all-time high breakout, which is also breaking its IPO highs of 2016.
CMP: 219
Good Range To Buy: 190 to 220
Targets: 257, 290, 350
SL: 170 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Precision cam, nice EV player#precision camshaft
Looks very interesting on charts and with the work they are doing on EV space.
Recently they had retrofitted a passenger vehicle for EV.
If it's successful then this company will easily become a multi Bagger.
On charts It had made perfect rounding bottom, where we can see volume spikes where stock made a base.
Again it broke a minor resistance zone with encouraging volumes.
It has completed pullback too.
#VR
PLEASE DYOA 🙏