Praj industries has been consolidating in a Darvas box since past 2 years. The stock is a major palyer in ethanol industry which is used an alternative to petrol in automobile. The stock is looking strong for a breakout of this consolidation which would be a monthly closing above 440. Accumalate this stock on dips. Best buy zone is 380-400. This idea is for investment perspective only.
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Stock has given breakout from consolidation. Would be interesting to watch.
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540 from 430.More than 20% returns done. Very beautiful flag breakout.