#PRAJIND : eversed from Monthly resistance. Above 116.5..next target 120 Support :110
This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help...
SWING/HOLDING TRADE PRAJ INDUSTRIES CMP 81 SL below 72 targets 90,95,100
Praj Industries ltd. Long for next one month
Average volume with increase price needs one more green candle to confirm long trade.
For ttrading purpose only Reasons- 1hr TF trendline levels reached Key 78.60% FIB Retracement level reached favourable GMMA slightly favourable MACD
This stock looks bullish in the weekly and monthly charts. A look at the daily chart indicates consolidation near a key resistance level (denoted by the red dashed line). Am waiting for a breakout above the line (backed by higher volume) before buying this one. My guess is that it is just a question of time before the stock registers a big breakout and heads...