A technical trade weekly TFCup and handle formation and breakout and retest .....Buying zone 219-229.....Sl below 189 closing basis....Target 357
PRECAM trade ideas
Precision CamshaftCup Handle pattern Breakout in weekly chart
Retracement happened and good time to buy
buy above 176
Target 266
SL below 150 WCB
PRECISION CAMSHAFTPRECISION CAMSHAFT (1D)
CMP 251.55
Symmetrical Triangle Pattern is formed
After Big move with Massive volume a Run Away Gap is created
Run Away Gap is not filled yet that shows the strenght of the stock
Price is consolidating in Narrow Range
Breakout is Awaited
After Breakout can show Good Run
PRECAMS - Morning starPRECAMS - Those who are aware of the candle pattern formation, will be well aware of the entry & Stop loss.
Manage risk at your own.
Precision Weekly Chart Multiyear Breakout , RoundingBottom #PrecisionCamShaft
#WeeklyChart
#RoundingBottom
CMP: 183.4
Entry: Above 188 / 190
SL: 136
Target: 225 / 275 / 325 / 340
PRECAM-Long- Swing trade Trades are only assumptions. You might go wrong. To prevent loss of huge capital, set Hard stop loss. Preserve capital at all costs.
For entries and exits please look at the chart.
If you like my analysis. Show your support by sending a small % of your profit to dgandluru@okicici
PRECAM CASH CHARTBUY-91
STOP LOSS- 80
TARGET- 108/122/145/168
TIME HORIZON- 3-5 MONTHS
THE TRADE IS SUPPORTED BY VOLUME
precession camsut2.5 yr channel breakout
long term consolidation
rsi div
rsi channel break
good volume support with buying volume
sectoral demand increase
disc:i m invested@32
