Precision Camshafts — Dead Cat Bounce or Real Bottom?

$PRECAM 📉 Trend Reality • Clear downtrend (lower highs + lower lows) • Price still trading below falling resistance 📍 Key Levels • ₹150 – Major resistance zone • ₹130–135 – Breakdown area • ₹117 – Current reaction level • ₹100–105 – Strong demand below ⚡ What Just Happened • Price hit lower trendline + demand zone • Sharp bounce → but still inside falling channel 📊 Momentum Insight • RSI near oversold → forming base • Early sign of selling exhaustion 🚨 Hard Truth • This is not reversal yet • It’s just a bounce in a downtrend 🎯 What Changes the Game? • Break above channel → trend shift begins • Rejection → fresh downside likely 📢 Disclaimer: Educational only. Not investment advice. 👤 Rajneesh Sharma — SEBI Registered Research Analyst (INH000020332)