Precision Camshafts- Being Ready for 140 Ish Kind of Upmove.
10 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 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...
1. 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
*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
on charts only for educational purpose not sugesstions
Precision Camshafts Ltd Accumulate on the retracement SL 43.50 TP +68 +96
Chart explains everything. Broke out from a range pulled back to the BO zone Now broke the previous high
precision camshaft , did a retest of its breakout and started moving towards its trgt of 45% = 63
Analyzed yesterday see the charts .... :)
Although 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 :)
1. 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
After falling down a lot, Now the breakout is visible. The company fundamentals are also very strong. Do your analysis before taking any decision.