Buy PRECWIRE @ CMP Or Buy at 141 when it retrace or safe Buyers by Above 153
for the Target of 182-212-241
SL 110
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Volume Built up
Duration few Weeks
Here is my analysis for NSE:PRECWIRE
In the chart we can see multiple overlapping bullish FVGs, coming out of a mitigated FVG. Similar setup like this happened in PFS in my previous posts. Furthermore, an EMA contraction near the resistance is occurring. There is an entry with stop loss in place - manage your risk this is not a buy sell reco.
Breakout done .
Good to enter at Retest.
Short term Target 162 ,195, 230.
Happy Investing...
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only.
PRECISION WIRES IN gave weekly resistance zone breakout with gud volume bar and strong bullish candle after trapping sellers can play for swing trade with your prefered RR.
📢breakout stock📢
🫸 Wait for the Retest 🫷
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
CUP AND HANDLE pattern formation
This is just an analysis and no trades execution advice. Please note the levels before taking the trade.
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Looks good to reach to that long term trendline resistance marked in Red
Safe entry above 86.5 based on weekly closing basis
RSI is above 65 and Volumes are also good
In the Weekly Chart of PRECWIRE ,
we can see that; it has given breakout from Cup & Handle.
Let it retest and form a Bullish Hammer candle and then enter with SL.
These are the support levels that I will be looking for. Lets see whether price will come to these range. It may then offer better risk reward
Disc : Not holding and not a buy / sell recommendation
