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PRAJIND Swing Trade
PRAJ INDUSTRIES LTD
Long
PRAJIND Swing Trade
By abhaychakravarthi
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Updated
Dec 5, 2023
2
Apr 12, 2023
Buyers defended 300 Level 5-6 times.
Great entry above 350. Stop below 300. Target 500. which makes a decent Risk:Reward of about 1:3 - 1:4
One of the Largest Ethanol Player.
Net debt free company
PAT CAGR 30%++
Revenue CAGR 25%++
ROCE 20%++
Not a recommendation.
Apr 25, 2023
Trade active
Apr 28, 2023
Note
Trailing Stop loss to 330
Jun 13, 2023
Note
Trailing Stop Loss to 350
Aug 10, 2023
Note
Moving exactly as predicted. Target almost reached.
Dec 5, 2023
Trade closed: target reached
Excellent Entry. Excellent trade.
Chart Patterns
Support and Resistance
Trend Analysis
abhaychakravarthi
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