PRAJIND consolidation phase breakout. Expect upside moment sooner.
Target Levels 450 / 490
SL - 350
Short Term (1-3months) View based on general market trend.
Not a buy recommendation. Only for educational purpose.
PRAJIND stock price crossed first 163 price range and then finally gives crossed 280 multi year price range breakout.
Best price to buy this stock is when ever it's come to weekly demand zone 218-235 or around breakout point 260-280
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Praj Industry gave a superb breakout.. went till 173 but came down with market..
Still closed above multi year highs..
can do very well in medium to long term.. ethanol subsidy upto 40000 cr by government can be turnaround story for the stock..
keep an eye..