rk10

Praj Industries - Potential breakout candidate

NSE:PRAJIND   PRAJ INDUSTRIES
With govt announcing new incentives for co's to produce more ethanol for fuel blending this capital goods player could benefit in a big way.

With markets correcting we could hope to get this around 146, but if the momentum continues then we buy the same above 170. It could be a 12 year ++ breakout which could lead to a sharp move upwards to a new ATH.

Track this stock to enter either ways.

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