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amjai85

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

Long
PRAJ INDUSTRIES (NSE:PRAJIND)  
amjai85 Updated   
NSE:PRAJIND   PRAJ INDUSTRIES
Chart Patterns PRAJIND channelbreakoutstrategy Double Bottom Equity equity4life
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chartpattern prajind channelbreakoutstrategy doublebottom equity equity4life
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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