Equity-Earningz
Short

PRAJ INDUSTRIES LIMITED : Bearish Flag (Continuation Pattern)

NSE:PRAJIND   PRAJ INDUSTRIES
Exit Holding if : Closing Below 78.50
Stop-Loss : 85.80
Minimum Target Price : 53.25
Risk to Reward 1: 3.6

Of course, It's not a trading opportunity as we can not short sell this stock and make a profit. But Those who holding Prajind in their portfolio can exit and enter at a lower level again.

It seems convincing enough to sell the stock based on his recent price actions. Because it has taken 50% Resistance Already and at present taking resistance of falling trendline and also formed a Bearish Flag Pattern.
Sep 08
Trade closed: stop reached: Didn't Gave Close Below 78.50 Convincingly.
how can you sell if not listed for futures :P
Reply
Equity-Earningz daytraderph
@daytraderph, Of course, It's not a trading opportunity as we can not short sell this stock and make a profit. But Those who holding Prajind in their portfolio can exit and enter at a lower level again.

Same thing I mentioned in my explanation.

Thank you !
Reply
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