Praj Industries Ltd - Cup & Handle + Ascending Triangle Breakout

Updated
πŸ“Š Script: PRAJIND (PRAJ INDUSTRIES LIMITED)
πŸ“Š Nifty50 Stock: NO
πŸ“Š Sectoral Index: NIFTY500 / NIFTY INFRASTRUCTURE / NIFTY SMALLCAP
πŸ“Š Sector: Industrials Capital Goods
πŸ“Š Industry: Engineering & Construction products

Time-Frame : Daily - Ascending Triangle Breakout
snapshot

Key highlights: πŸ’‘βš‘

πŸ“ˆ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
πŸ“ˆ MACD is giving crossover .
πŸ“ˆ Double Moving Averages also giving crossover .
πŸ“ˆ Volume is increasing along with price which is volume breakout.
πŸ“ˆ Script is giving breakout of Cup & Handle + Ascending Triangle.
πŸ“ˆ Current RSI is around 64.
πŸ“ˆ One can go for Swing Trade.

⏱️ C.M.P πŸ“‘πŸ’°- 443
🟒 Target πŸŽ―πŸ† - 500
⚠️ Stoploss ☠️🚫 - 414

⚠️ Important: Always maintain your Risk & Reward Ratio.

⚠️ Purely technical based pick.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

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Happy learning with trading. Cheers!πŸ₯‚
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