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Downtrending

PRAJ INDUSTRIES LIMITED : Bearish Flag (Continuation Pattern)Exit Holding if : Closing Below 78.50 Stop-Loss : 85.80 Minimum Target Price : 53.25 Risk to Reward 1: 3.6 Of course, It's not a trading opportunity as we can not short sell this stock and make a profit. But Those who holding Prajind in their portfolio can exit and enter at a lower level again. It seems convincing enough to sell the stock based on his recent price actions. Because it has taken 50% Resistance Already and at present taking resistance of falling trendline and also formed a Bearish Flag Pattern.
NSE:PRAJINDShort
by Equity-Earningz
2