PRAJIND - 6 Months Downtrend Breakout
Updated
Praj Industries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Downtrend since (December, 2023). Now It has given a Downtrend breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame as well as Weekly Time Frame.
3) The next resistance would be it's Previous Life Time High (650.50 - 10.15% from the price 590.40).
5) Recommendation - Strong Buy
1) Time Frame - Daily.
2) The Stock has been in a Downtrend since (December, 2023). Now It has given a Downtrend breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame as well as Weekly Time Frame.
3) The next resistance would be it's Previous Life Time High (650.50 - 10.15% from the price 590.40).
5) Recommendation - Strong Buy
Note
As mentioned previously, The given target of 650.50 - (10.15%) from the given price (590.40) is achieved.
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