amjai85

Channel BO & Double bottom BO - Praj Inds on daily chart

Long
NSE:PRAJIND   PRAJ INDUSTRIES
beautiful set up on chart, long consolidation... Channel BO candidate, double bottom candidate, RSI BO, RSI @ 69 (good) & Increase in volumes over the consolidation period...all makes it a perfect BO candidate..a perfect text book example!.wait & watch..will it give a BO?
Disc : Invested, not a reco for Buy/sell
Comment: Nice BO given by Praj, 32 points movement with substantial volume since Jan 6, closed well above the 400 mark. Weekly close above 405 next week will be a strong closing.

Disc; Not a reco, chart for education purpose only.

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