Positional setup + fundamental check for PREC WIRE

Pros & Constraints

✅ Strong niche in winding wires, critical for motors, fans, appliances

✅ Decent ROCE suggests capital efficiency

✅ Low to moderate debt gives balance sheet strength

⚠️ Valuation is already elevated (P/E ~35), which leaves less margin for error

⚠️ ROE is modest vs peers; margins in this business can be volatile

📈 Technical / Positional Setup (4h / Daily Context)

From your chart:

The price has formed a base / consolidation zone roughly between ₹180–₹195 (highlighted box). It just broke above that range.

The EMAs (short ones) seem to be turning upward, and price is trending above them.

This breakout above consolidation is a positive sign, provided it holds with volume.

Trade Plan

Parameter Suggested Level / Zone
Entry On confirmation above ~ ₹195–₹197
Support / SL ₹180–₹185 zone, or slightly below consolidation
Target 1 ₹210–₹220
Target 2 ₹240+ (if momentum persists)

If price retests the breakout zone near ₹190–₹195 and holds, that's another favorable entry.

Volume confirmation is important: a breakout with weak volume is risky.