PRECWIRE | Swing Trade📊 DETAILS
Sector: Cables
Mkt Cap: 2,345 cr
Precision Wires India Ltd is engaged in manufacturing Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor, and Paper / Mica / Nomex Insulated Copper Conductor. The Company primarily supplies to the OEM sector and to various industries like power, auto, consumer durables, transformers, construction etc. It is the largest producer of Winding Wires in South Asia.
TTM PE : 38.50 (High PE)
Sector PE : 71.04
Beta : 0.62
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
6.95% away from 52 week high
Outperformer - Precision Wires India up by 11.89% v/s NIFTY 50 up by 1.99% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
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PRECWIRE
PRECWIRE / GOOD FOR LONGNSE:PRECWIRE
Cmp:
Entry: Current price
Stop Loss: According to one's Risk Reward ratio
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Disclaimer: All the information posting on this page are for the
educational purpose only, we are not SEBI registered financial
advisor. We wont recommend any BUY/SELL of stocks. Contact
your financial advisor before taking any action
PRECWIRE - Long Setup, Move is ON..NSE:PRECWIRE
✅ #PRECWIRE trading above Resistance of 121
✅ Next Resistance is at 148
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PRECWIRE - Long Setup, Move is ON..NSE:PRECWIRE
✅ #PRECWIRE trading above Resistance of 98.5
✅ Next Resistance is at 121
Corporate action:
👉 1:2 Bonus Issue of Equity Shares (Ex Date - Dec 22, 2022)
👉 This corporate action adjusted in chart
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PRECWIRE - Long Setup, Move is ON..NSE:PRECWIRE
✅ #PRECWIRE trading above Resistance of 84
✅ Next Resistance is at 98.5
Corporate action:
👉 1:2 Bonus Issue of Equity Shares (Ex Date - Dec 22, 2022)
👉 This corporate action adjusted in above chart
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PRECWIRE - Ichimoku Bullish Breakout Stock Name - Precision Wires India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 107
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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Breakout in PRECWIRE with volumeBreakout in PRECWIRE with volume
above 316
target 345-418
Good support at 218-188
relative strength showing in this stock against nifty
Market Cap-- ₹ 708 Cr.
Stock P/E --12.5
ROCE-- 20.4 %
ROE-- 13.1 %
Promoter holding-- 59.7 %
FII holding--0.16 %
Debt-- ₹ 29.7 Cr.
Public holding-- 40.2 %
FY21-22 Swing Trade Idea #143: Long on PRECWIRE This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.