PRAJ INDUSTRIES 1:4 MOMETUM TRADE
Updated
PRAJIND Broke out from flag pole pattern after 500% momentum move. Strong volumes in the uptrend show increasing strength of the stock.One can enter entire position at C.M.P in view of a momentum trade with a tight sl.
Targets: 450/500/565+
sl: below 360
Low risk high reward trade. Positional traders could opt for deeper sl below 330 levels.
Position size accordingly. HAPPY TRADING!
Trade active
Good momentum today but a huge wick could mean a retest to the trendline. Add more quantity if retest occurs.
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