Stock is testing 120 levels again and again. It's a high probability breakout trade
Breakout 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 %
#ASIANPAINT #daily - Any price drop to support zone and trendline will be good buying opportunity - If market sentiment is -ve, then wait for correction till 50EMA - VOL has been good #trading #priceaction #investments #tradingview
Apparently it is making H & S pattern , RSI looking good around 60 keep this stock on radar .