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PRAJIND

PRAJ INDUSTRIES POTENTIAL UPSIDE MOVE.Praj industries had been consolidating within a range for a long time and there seems to be a breakout. But we need to wait for confirmation. Points in favor of the upside move: W pattern formed and neckline broken. Breakout from range with a gap-up candle (full bullish candle) How should we move ahead? We need to wait for few days and see the price action to see if the bulls can sustain or the bears steps in. If price sustains above the marked white lines, we can plan for a long position.
NSE:PRAJINDLong
by manash_upstox
High Risk, High Gain SetupThis is Weekly timeframe. After covid crash, this stock have rallied multifold times. Yes, there are a lot fundamental triggers. From June 2021 it went sideways, in consolidation phase. It didn't went far from 0.23 fibo level. If sustained near it and consolidated. The correction is not more than 30% from top. These are strength indicators here. Now for last three weeks it have given strong bullish moves forming three white soldiers on weekly timeframe. It have given the breakout from the consolidation channel with volume supports. Stock is near 52 week high. So stock is ready to make fresh news highs. That's why this setup is a little more risky, but reward may be good if it rallys. This for is for information purpose only.
NSE:PRAJINDLong
by AkshayAdak
#PRAJIND #PRICE ACTIONThe company has shown a good profit growth of 31.29% for the Past 3 years. Company is virtually debt free. Company has a healthy Interest coverage ratio of 42.47. The company has an efficient Cash Conversion Cycle of 49.62 days. The company has a good cash flow management; CFO/PAT stands at 1.26. TRADE OR INVEST wisely. WE CAN JUST PREDICT. Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your. PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
NSE:PRAJINDLong
by lp9
PRAJINDNote: 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... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:PRAJINDLong
by SENSITRADE_T
watch for flag breakoutbuy above 385 in intraday can buy for swing trade as well but 405 is still a resistance so safe entry is 405 for positional stoploss is 300 for swing keep according to your risk appetite For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:PRAJINDLong
by stockkar
1