C&H breakout pending for the target mentioned in the chart in green colour. Entry after the breakout is advisable.
Team Stocks-n-Trends
Note: This is for educational purpose only.
Simple price action. Formed falling wedge pattern. Gave breakout with strong volume. Looks good for short term investment. Trading at 222. Keep sl at 180. Keep target 274/386/560. Follow me on youtube on rajeshahi trading.
PRECOT DAILY CHART ANALYSIS - Showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.
Target: Rs. 198
Self explanatory daily chart analysis for educational purpose
Technicals - Bottom Triangle Pattern / Bottom Wedge
This is just a view by an analyst, please invest at your own risk.
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PRECOT (W):- A falling wedge is formed by two converging trend lines when the stock's prices have been falling for a certain period. Before the line converges the buyers come into the market and as the result, the decline in prices begins to lose its momentum. This results in the breaking of the prices from the upper trend line.
Precot Ltd. CMP: 302. SL: As per swing stop loss is little big. Pls decide as per your risk. Target: 370/470/590.. stock has broken around 14yr long consolidation channel and now consolidating above the BO with volume...this stock can give 2x return
Note: educational post
PRECOT LONG
CONTEXT:
1. STRONG BUYING POWER
2. ALL TIME HIGH
3. CLEAN CONSOLIDATION
4. GOOD FUNDAMENTALS
Precot has an operating revenue of Rs. 665.14 Cr. on a trailing 12-month basis. An annual revenue de-growth of -8% needs improvement, Pre-tax margin of 5% is okay, ROE of 9% is fair but needs improvement. The company has a reasonable debt to equity of 31%,...
