PRAJIND Swing Trade

Updated
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.
Trade active
Note
Trailing Stop loss to 330
Note
Trailing Stop Loss to 350
Note
Moving exactly as predicted. Target almost reached.
Trade closed: target reached
Excellent Entry. Excellent trade.
Chart PatternsSupport and ResistanceTrend Analysis

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