PRECISION WIRES - Strong structure formation here Breakout, retest & support at 50 ema. One can go long with a SL of 80.
From Chart one can see the risk reward ration always go for the risk reward 1:2
NSE:PRECWIRE Looks very bullish on chart. Analysis done on chart. Good 1:4 RR setup. Targets: 80/95/100+ Sl: below 69 Position size accordingly. HAPPY TRADING!
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
The chart is under accumulation for long time. It is typical wyckoff accumulation and right now on verge of breakout. Stop loss: 190. The sector should benefit from the demand of dc motors and copper wires which are extensively used in electric vehicle. Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an...
Stock Analysis: Precision Wire has broken trend line and formed reverse head and shoulder pattern. Ideal buy area marked on the chart as long as price holds the zone once can look for conservative entry with Expected target marked on the chart as per fib and head and shoulder pattern rule. Happy Investing.