Pricol Limited is an automotive components and precision engineered products manufacturer. Stock is in a Bullish channel and FIIs and DIIs are making positions. CMP looks good to me.
NOTE: I'm not a SEBI. REG. Study before investing.
Chart is self explanatory.
It is not an investment advice. Only for Educational purpose.
Kindly do your own research before buy/sell decision.
Thank you!
New 52 Week and All time High
Rs.230.95 hit today
Performance Today
Outperformed Sector by 2.3%
Day's High
Stock touched an intraday high of Rs 230.95
(3.59%)
~ Moving Averages
Pricol Ltd is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages
Rising Investor Participation
Delivery Vol of 7.74 lacs on 31 Mar has risen by 69.65%...
Textbook style rounding bottom pattern.
Breakout also done on weekly basis.
Target : 227
SL : 120 WCB
Only for educational purpose. Not a recommendation.
Pricol ready to break-out after the rounding bottom chart pattern created in a 3 years time frame. This breakout is considered as a bullish sign and we can expect some really good levels from here.
We should see 150 levels very soon here.
Pricol Limited is engaged in the business of manufacturing and selling of instrument clusters and other allied automobile components to OEMs and replacement markets. Presently, the company operates 9 manufacturing facilities across India and 1 in Indonesia. The company has high concentration in 2W industry as it derives ~70% of revenues from this segment alone....
Levels and Target well mentioned in the chart itself
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
THANKS
Buy PRICOLLTD CMP 106 at the levels of 100 or below till 95. Crucial support as well as fibonacci level stands at the levels of 100.
92 shall be maintained as day closing basis Stop Loss.
Positional targets are 112, 120 and 135. Consider it a mid term trade/investment.
