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Precision Camshafts Limited (PRECAM) Stock - Complete Technical Analysis - Aug 30, 2024

Precision Camshafts Stock Analysis: Bearish Signs and Key Support Levels NSE Stock Update

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Precision Camshafts Limited (PRECAM) is currently trading at 244, showing a mixed technical outlook based on various indicators.

Support and Resistance Levels:

Support Levels: The primary support levels are around 180.19 (Classic Pivot S1), 164.09 (Classic Pivot S2), and 137.09 (Classic Pivot S3). Additional support is found at 191.33 (Camarilla S2) and 188.86 (Camarilla S3).

Resistance Levels: Resistance levels include 245.09 (Classic Pivot R3), 218.09 (Classic Pivot R2), and 207.19 (Classic Pivot R1). Other resistance points are 237.75 (Woodie Pivot R3) and 219.88 (Woodie Pivot R2).

Technical Indicators:

MACD: The MACD is showing positive momentum, indicating a bullish trend.

RSI: The RSI is in the overbought zone, suggesting that the stock may be due for a pullback or consolidation.

ADX: The ADX indicates a strong trend, with the current trend strength being significant.

Stochastic Oscillator: The Stochastic %K is high, pointing towards potential overbought conditions.

EMA

 

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