Precot- Caught in UC for several days. Cup and Handle breakout done with UC today. Even though breakout is done, wait for the weekly candle close above 397.50 as shown in the purple colour to confirm the breakout. Target is 650.
Team Stocks-n-Trends
Note: This is for educational purpose only.
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.
BUY PRECOT PRICE @ 199 44% ROI EXPECTED
Buy1 cmp entry @ 199
Target 1 @ 287.65
ROI 1 @ 44%
Buy2 Pending entry @ 179.65
Target 2 @ 287.65
ROI 2 @ 60%
Our Unique Features:
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1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4....
Reason for long
a) Symmetrical triangle breakout
b) volume and price spurt
c) super vwap set up
d) Qqe long
F) super trend long
g) channel support
h) w formation
SL compulsory
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%,...
