Praj Industries is bullish
Updated
Praj Industries has found support at horizontal/sloping trendline @448 plus a positive divergence formed on RSI with high volumes. Its floating just above the resistance zone @525.
This looks very bullish to me from here for targets of 596,649,699 over the next 1,2,3 months.
Disclosure: i hold the stock bought over last year.
This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor.
This is purely a technical chart observation, please check the fundamentals before investing.
This looks very bullish to me from here for targets of 596,649,699 over the next 1,2,3 months.
Disclosure: i hold the stock bought over last year.
This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor.
This is purely a technical chart observation, please check the fundamentals before investing.
Trade active
Volumes are poor, need more buying to sustain and move upwardsTrade active
Keep stoploss at 499 exit if closes on daily basisTrade active
last weeks candles have all been negative, so watchout with the stoplossTrade active
During the negative period the volumes have been low, so personally i am not that worried. But for those who have bought at breakout, follow the stoploss rule with discipline.Trade active
For long term investors stoploss is at 465
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