After a 12 years long consolidation phase which began in Oct '2008, Praj Industries broke out in the month Mar '21 and rose from a low of 152 to a high of 407 before trading in a range to form an ascending channel pattern.
After a failed breakout in Sep '23, the scrip has successfully broken out of the ascending channel rising 15% in the ongoing month of Nov '23.
@Soumitra11, probably 10-15% .. It can't be predicted with utmost certainty.
Soumitra11
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what is your views regarding tata elxi???
finvestar
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@Soumitra11, Not advisable at these hefty valuations.. Earnings do not justify the price movement.. Even if price shoots up I would avoid.
Soumitra11
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praj is trading above 640 now.. will it touch 1000 within 1 year????
finvestar
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@Soumitra11 Well, frankly speaking Market is a game of probability.. I believe that there is high probability..Nobody can assure that it will happen 100 percent.. Luckiest me that some of my predictions with assigned time bound target got hit on time. Lets C.. 🤞