Small Cap Breakout Stock : Pritika Auto Industries

Pritika Auto Industries BSE Listed 539359 is an Auto Ancillary based company having 5 plants in Punjab and Himachal Pradesh. Pritika Auto Is OEM  Manufacture and supplier to M&M..

As Agriculture theme is ruling the market and All Tractor Based Stocks (Escorts,VST Tillers) are Hitting life high with demand picking up the in Rural Side. Pritika is OEM Manufacture for tractors and supplies to most of leading tractor manufacture suggesting they will also have positive impact on their revenue and profits.

As per Latest Media Release on BSE Company registers highest ever monthly sales volumes 

Vehicle scrappage policy which was announced in Budget wil also have positive Impact of the Revenues of Pritika Auto.
On Technical Side Pritika Auto Industries has again bounced from 82-85 range as shown in below chart and looking good for breakout above 96.

Pritika Auto is also at its 144 Week Time cycle in coming week with Quaterly Results also getting Declared on 11 Feb   suggesting it can see a good rally above 96.

Looking at both Fundamental and Technical Pritika Auto Industries look ripe for a trading bet with a good Risk to Reward Ratio

Traders can Buy in range of 96-97 For target of 108/112/121 with SL of 88 on Closing Basis.

Please do your research, and trade in small quantity. SL should be applied on Closing Basis.

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