Precision Camshafts- Nearing Upflag BreakoutPrecision Camshafts- Being Ready for 140 Ish Kind of Upmove.
PRECAM trade ideas
To BOor not to BO? - PRECAM10 weeks base
3T VCP
low cheat
strong prior uptrend
hourly TF looks weak. need to close strong. otherwise breakdown
Entry - above 104
SL - 96
TGT - 130
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 🙏
PRECAM levels1. chart pattern is moving in CnH pattern
2. Immediate breakout level given
3. immediate trendline support given
4. Short-term target given
5. Fundamentals not good, but EV might help make things better
6. My views only, trade shouldn't be taken based on this view
Precision camshafts *for educational purpose only.
In 1hr time frame stock is at 200 days Moving average go for long position if 1hr candle close above today's high
Trendline Breakout With Good Volume / RSI Range ShiftPrecision Camshafts Ltd
Accumulate on the retracement
SL 43.50
TP +68 +96
PRECAM - BullishChart explains everything.
Broke out from a range
pulled back to the BO zone
Now broke the previous high
PRECISION CAMSHAFT, entry opportunity for 45% retrns med trmprecision camshaft , did a retest of its breakout and started moving towards its trgt of 45% = 63
A pattern you would love to trade | S01e07Although the risk is huge but small qty can be traded onto this ..... upside of more than 20 to 30% IN NEAR MONTHS :) as the lvls suggest
Happy trading :)
Four reasons to go long1. Bottom trendline support
2. Retest after a breakout of one of the upper trend line
3. Chance to break the upper most trendline
4. Fibonacci support of 0.38 level
PRECISION CAMSHAFTS Daily Chart analysis After falling down a lot, Now the breakout is visible.
The company fundamentals are also very strong.
Do your analysis before taking any decision.
precam bullish elliot wavesprecam one can enter a trade ,at cmp fort the targets and stoploss pls see the chart
