Positional setup + fundamental check for PREC WIREPrecision Wires India LimitedNSE:PRECWIRERajputAmarjitPros & 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 ParameterSuggested Level / Zone EntryOn 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.