Pricol Ltd – Bearish on 1D Time FramePricol Ltd - Symmetrical Triangle Breakdown giving us a potential short trade.
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PRICOLLTD trade ideas
Pricol breakout from stage-two Flat Base PRICOLLTD
Pricol breakout from stage-two Flat Base
Buy Near 520-545
I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions
Pricol Limited: A Promising Long-Term Investment Opportunity I believe Pricol Limited presents a compelling long-term investment opportunity.
Pricol is a leading manufacturer of instrument clusters and other allied automobile components, serving both original equipment manufacturers (OEMs) and the replacement market. Founded in 1974 and headquartered in Coimbatore, Tamil Nadu, Pricol has established a strong presence in the Indian automotive industry.
The company operates nine manufacturing facilities across India and one in Indonesia, demonstrating its commitment to expanding its production capabilities. One of the key factors that makes Pricol an attractive investment is its focus on research and development (R&D). The company has two R&D centers approved by the Department of Scientific and Industrial Research (DSIR) and has filed 18 patents, with 14 already granted. In the last fiscal year, Pricol spent approximately 4.5% of its total revenues on R&D, showcasing its dedication to innovation and staying ahead of the curve.
Another notable aspect of Pricol's growth strategy is its strategic partnerships. In February 2022, the company entered into a partnership with Sibros Technologies Inc., a California-based company that provides over-the-air (OTA) connected vehicle software systems for OEMs worldwide. This collaboration aims to deliver deep-connected vehicle solutions in the Indian and ASEAN markets, positioning Pricol at the forefront of the growing connected vehicle technology segment.
Pricol's financial performance has been impressive, with a compounded sales growth of 16% over the last three years and a compounded profit growth of 47% during the same period. The company's return on equity (ROE) has also improved, reaching 18% in the last fiscal year, indicating efficient utilization of its capital. Looking ahead, Pricol has outlined a capex plan of Rs. 400-450 crores over the next 3-4 years (FY26-FY27) to enhance its capacity, primarily for new products that are part of the Production Linked Incentive (PLI) scheme.
This strategic investment will enable the company to capitalize on the growing demand for advanced automotive components and technologies. In terms of valuation, Pricol's current market price of Rs. 396.15 appears reasonably priced, with a P/E ratio of 37.47 and an EV/EBITDA of 17.78.
These metrics are in line with the industry median, suggesting that the stock is not overvalued. Overall, Pricol Limited's strong manufacturing capabilities, focus on R&D, strategic partnerships, and robust financial performance make it a promising long-term investment opportunity.
Analysis of PRICOLLTD1. Support at Rising Trendline:
The candle on the weekly chart indicates that the stock has found support at a rising trendline. This is considered a positive signal, suggesting potential buying interest and the possibility of a continuation of the upward trend.
2. RSI Signals:
The Relative Strength Index (RSI) is showing good support and positive divergence. Positive RSI divergence implies that while the stock price is making new lows, the RSI is not, suggesting potential underlying strength.
Proposed Trade Strategy:
Entry: Considering a long position at the current market price (CMP) of 335, based on the support from the rising trendline and positive RSI indications.
Stop Loss (SL): Implementing a stop loss at 323 can help manage risk and protect against potential adverse price movements.
Targets:
Target 1: 352
Target 2: 365
Conclusion:
The technical analysis suggests a bullish outlook for PRICOLLTD based on the candle finding support at the rising trendline and positive RSI divergence.
As always, it's essential to conduct thorough research, employ risk management strategies, and consider seeking advice from a financial advisor before making any investment decisions. Market conditions can change, and a cautious approach is recommended.
PRICOL - Bullish Swing ReversalNSE: PRICOL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
PRICOLLTED LONG SETUP - SHORT SWING TRADEStock is in uptrend on 1hr TF making HH & HL. Stock broke above its resistance zone and now retesting it. Stock also made double bottom pattern as indicated by red arrows. Daily RSI is also above 50 which is bullish territory (according to me). Stock is good buy at 193 level with SL around 187-187.5 for a Target of 204 and above. Good risk to reward trade.
Disclaimer: I am not SEBI registered.
PRICOLLTD | Opportunity to earn 20%+ in Swing Trade !Opportunity to earn 20%+ in short term trade.
CMP: 117.30 (enter @ 118.50)
SL: 110
Target: 128.80 | 137.15 | 158.75
( Targets calculated on the basis of Fib. and previous swings)
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!