After a 12 years long consolidation phase which began in Oct '2008, Praj Industries broke out in the month Mar '21 and rose from a low of 152 to a high of 407 before trading in a range to form an ascending channel pattern.
After a failed breakout in Sep '23, the scrip has successfully broken out of the ascending channel rising 15% in the ongoing month of Nov...
Praj Industries - Long
Buy & Accumulate Zone: ₹ 505-₹ 508
Target 1 : ₹ 482.4
Target 2 : ₹ 559.9
Target 3 : ₹ 601.7
Support: ₹ 482- ₹483
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Hello Traders,
Praj Industries is coming out of big long consolidation of last since May 2021.
Price consolidated between 287 to 448. Now its ready to enter into a different zone as it broke the all-time High.
In the current situation where market are not looking good this stock had shown strength.
As per Fibonacci , the next target which are...
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
