PRECWIRE Ready For Second Rally After Retest Precision Wires has given a strong breakout above 208 with a sharp increase in volume, confirming bullish momentum. The stock has been following a consistent uptrend, and this breakout could lead to further upside, with immediate targets near 230. RSI is starting to turn upward after consolidation, indicating room for more upside momentum. Traders should look for sustained volume above 208 for further confirmation of this breakout.
PRECWIRE trade ideas
BUY TODAY SELL TOMORROW for 5% By Kapil-MittalDON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in PRECWIRE
BUY TODAY SELL TOMORROW for 5%
PRECWIRE - Breakout Setup
#PRECWIRE - Breakout Setup, Move is ON..
Gave a breakout at 62.55 as per pattern shown in chart
Now trading above Resistance of 197
Next Resistance is at 252
Moved 219.26% in 110 weeks
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock
may find resistances) and support (close below which, setup will be invalidated) are mentioned on charts.
PRECWIRE - Breakout Setup, Move is ON..NSE:PRECWIRE
✅ #PRECWIRE trading above Resistance of 197
✅ Next Resistance is at 252
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
A breakout stock - #Precision Wires NSE:PRECWIRE
❇️A good low risk setup in daily time frame above 212 makes a perfect entry.
❇️SL 204 near breakout area.
❇️A very good weekly break out at weekly time frame.
❇️Expecting stock price to reach 220-230-245 in up coming days.
❇️ Volume looks decent..
❇️Every entry must have a stoploss partnered with it.
Disclaimer:- not SEBI Registere. I not responsible of your profits and your losses. Thank you 🌻
👉🏻 @thetradeforecast 🇮🇳
PRECWIRE - Long Setup, Move is ON..NSE:PRECWIRE
✅ #PRECWIRE trading above Resistance of 148
✅ Next Resistance is at 197
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PRECWIRE - 9 Months Consolidation Breakout / All Time HighPrecision Wires India Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (September, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (200 - 26.45% from the price 158.16).
4) Recommendation - Strong Buy.
Precision Wires Looks Ready For 200 LevelPrecision Wires has given range breakout on both weekly and daily time frame. In the coming few days, the stock could achieve 170, 180, 200 levels. Also, good volumes can be seen on the weekly chart.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
Prec Wires Strong BreakoutEducation Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
Strong Breakout..
Good Volume..
Positive...
PRECWIRE | Swing Trade📊 DETAILS
Sector: Cables
Mkt Cap: 2,345 cr
Precision Wires India Ltd is engaged in manufacturing Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor, and Paper / Mica / Nomex Insulated Copper Conductor. The Company primarily supplies to the OEM sector and to various industries like power, auto, consumer durables, transformers, construction etc. It is the largest producer of Winding Wires in South Asia.
TTM PE : 38.50 (High PE)
Sector PE : 71.04
Beta : 0.62
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
6.95% away from 52 week high
Outperformer - Precision Wires India up by 11.89% v/s NIFTY 50 up by 1.99% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
PRECISION WIRES INAll detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
SL Day candle close only, Target Trigger Price
Precision Wires India Ltd (Strong Breakout Candidate)Precision Wires India Ltd has given a breakout on a daily time frame. The stock can head towards 155 and 170 levels in the short term. Also, good volumes can be seen on a daily time frame. The stock has support at the 141 level. CMP: 143. #PRECWIRE.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
PRECWIRE - WEEKLY CHART ANALYSISAfter a cup with handle breakout the stock went into a consolidation of 13weeks.
Today we experienced high IV and stock firing up 6% intraday. A low cheat entry triggered for me today so took an entry while closing hours.
96 is the the crucial level to watch for. A weekly close above it would confirm an upward bias move.
Stock is trading above all key moving averages.
As per the trend based fib probable target levels are 117 - 138 - 165 .
A weekly close below the 75 would invalid this view. This should be considered as a Stoploss .
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.