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...
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