1. Stock has been consolidating for over year now. 2. Did attempt channel break out but failed. Attempted it again. 3. 448 is the spot where stock faced resistance (ATH) and fell twice from same levels. 4. Stock may again attempt to break 448 and sustain above it. 450 being a round number sounds better trigger to enter. 5. Weekly closing above 450 can lead stock...
Praj Inds has formed a probable Flag & Pole BO formation on monthly chart. RSI is well above 60, volumes has been good, After a long consolidation looks set for a good movement. Discl : Invested, Chart for education purpose only, this is not a reco for buy & sell.
Breakout and re-test in Praj Industries It should take support on the previous breakout trendline and revert Wait for reversal candle . . . Disclaimer: Pls invest at your own risk.
Why this Trade..?? 1. DOUBLE BOTTOM Buy or Sell based on the Support Break with Volume Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
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...
Praj Industries It is engaged in the business of process and project engineering. Breaking out after almost 7 months of consolidation. Target : 495,590 SL : 380 WCB Only for educational purpose. Not a recommendation.
This 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...
educational idea- Praj industry we expect the stock May go for given target levels to inspire us,Please like the idea If you agree with the analysis.
Praj Industries has broken out after a very long consolidation. Keep a stop loss at 380 and the stock should double in the next 1 year. Praj is part of my fundamental research as well and the story around ethanol is picking up more and more steam.
beautiful set up on chart, long consolidation... Channel BO candidate, double bottom candidate, RSI BO, RSI @ 69 (good) & Increase in volumes over the consolidation period...all makes it a perfect BO candidate..a perfect text book example!.wait & watch..will it give a BO? Disc : Invested, not a reco for Buy/sell
Weekly Flag Breakout Possible.. Healthy range traded.. Bullish Structure Details in the chart..
The stock is on uptrend.....see chart for next targets
The 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...
Price increase with big volume breakout in Praj Industries Limited
One more stock from Ethanol space, Praj industries!! Brilliant chart, price action, management, and operation space! could be a potential multibagger.
Note: 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...
buy 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...