Potential reversal candidate Low risk high reward setup Can enter at conservative or aggressive entry points
Buy Praj India for 2 months, it may fly, Ethanol company, always good return m, now the time to buy this, it will never give loss if you will buy for long term
Praj Industries is consolidating very well in the zone, likely breakout in the future can propel it to new highs. Keep on radar.
support at 268 - 225 closed above 329 on weekly basis. if sustains target 560- 630
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.
Break and sustain above 380 will make the stock bullish again currently in stage 1 or 3 (only breakout will confirm)
Praj Industries took support on 50 100 200 SMA and under 30 SMA. Expecting bounce in this 1 - 2 weeks.
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
Huge Breakout Buy At Cmp 186.85 Add More If Price Fall To 165 Strict SL - 150 (WCB) Target - 300
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..
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...
#PRAJIND CUP & HANDLE BO All details in chart.