Positional setup for Bharat Wire Ropes Ltd (NSE: BHARATWIRE)BHARAT WIRE ROPES LTD.NSE:BHARATWIRERajputAmarjitTechnical Setup (Daily Chart Analysis) CMP: ₹223.89 Zone: Price testing a major horizontal resistance at ₹224–228 zone — acting as a neckline from past multiple swing highs. Structure: Cup & Handle formation on higher timeframe (bullish continuation pattern). EMAs (5/9/20): Trending above all short-term EMAs (215–216 zone), showing strength. RS Line: Outperforming the index recently, relative strength turning up. Volume: Spike on recent green candles — accumulation visible. 🔔 Positional Trade Plan Breakout Entry: Above ₹229 Stop-loss: ₹209 (below handle base) Target 1: ₹255 Target 2: ₹280 Risk–Reward: 1:2+ if breakout sustains 🧾 Fundamental Snapshot MetricValue Market Cap~₹1,300 Cr P/E (TTM)22.6x ROCE~16.5% ROE~15.8% Debt-to-Equity~0.66 Sales Growth (3Y CAGR)30%+ Net Profit (FY24)₹61 Cr Promoter Holding44.3% Cash FlowsPositive and growing 🔹 Business: Manufacturer of wire ropes, specialty wires, and other lifting products, catering to infra, railways, cranes, mining, and oil & gas sectors. 🔹 Positives: Robust profit growth, healthy margins, and strong revival in earnings. Debt has been reducing steadily. 🔹 Tailwinds: Infrastructure, logistics, and defense investments boost medium-term prospects.