Good setup in precwire.Good stock , good technicals.
Stock is bullish
If market doesnt fall, simple good trade for short term
Targets and sl in chart
PRECWIRE trade ideas
Long Setup in Precision Wires India- WyckoffThe 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 effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions
PRECWIRE BREAKOUT 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.
PRECWIRE - Multiyear Breakout - Swing TradeThe 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 markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
