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.
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PRECWIRE trade ideas
Reverse Head and Shoulder Pattern and trend line breakout 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.