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....
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.
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)
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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.