Praj Industries Ltd - Trading BoxPraj Industries Ltd has formed a rounding pattern from November 2023 to June 2024, followed by a breakout and subsequent retest. Although the price initially surged, the target has not yet been reached. Currently, the stock is trading in a range with support at 715 and resistance around 820. Recent high volumes suggest a potential upside breakout is imminent, with both the range target and rounding pattern target aligning at 950. This confluence strengthens the bullish outlook for the stock.
Disclaimer
Please Note Above analysis will work if price pierced and closed above resistance zone.
Prajindustries
PRAJ INDUSTRIESPraj Industries Ltd, incorporated in 1985 and headquartered in Pune has a presence across the globe with more than 750 references in more than 75 countries. It began as a supplier of an ethanol plant, today it is a global company providing various solutions with a focus on the environment, energy, and agri-process industry.
Its product portfolio is diversified into BioEnergy, Praj HiPurity Systems, Critical Process Equipment & Skids, Wastewater Treatment, and Brewery & Beverages.
After a Wolfe Wave, the moves can be explosive. lets see.
PRAJ INDUSTRIES - Swing Trade Analysis - 9th June #stocksPRAJ INDUSTRIES (1D TF) - Swing Trade Analysis given on 9th June, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Praj Industries :LongPraj Industries - Long
Buy & Accumulate Zone: ₹ 505-₹ 508
Target 1 : ₹ 482.4
Target 2 : ₹ 559.9
Target 3 : ₹ 601.7
Support: ₹ 482- ₹483
T
rade and Invest Wisely with your knowledge! Good Luck!
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PRAJINDUSTRY BREAKOUT AT ATHPrajindustry is breaking out and
trading at ATH with good volume
tradin above all key ema
educational idea only
PRAJIND - Long Setup, Move is ON..NSE:PRAJIND
✅ #PRAJIND trading near Resistance of 551
✅ Next Resistance is at 702
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Praj IndustriesPraj Industries is a leading global biofuel technology company. A zero promoter pledge company with almost free of debt and a good profit delivery over last 5years.Can expect a good movement if it crosses 500 levels. Also have a strong support at 440 levels.
PRAJ INDUSTRIES - BREAKING OUT OF LONG CONSOLIDATIONPost 14 yrs of breakout in 2021 (>273 levels), it has consolidated for nearly 18-19 months in the range of 290-460 and made a double top as well arnd 460 in Oct 2022 which has been taken off today. The volumes were above average since July 2023 indicating a possible move here.
Initial targets of 600-620 are approaching
#stepup
#teekhatrader
PRAJ INDUSTRIES - Swing tradePRAJ INDUSTRIES - Swing trade
A good breakout and retest candidate with good volumes. Can aim for new ATH 🚀
PRAJ INDUSTRIES - 70% RETURNS!!!BUY - PRAJ INDUSTRIES
CMP - Rs. 386
Target - 1: Rs. 470
Target - 2: Rs. 660
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Technicals - Trendline nearing BO(Good QoQ)
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This is just a view by an expert analyst, please invest at your own risk.
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PRAJIND Daily looking bullishPRAJIND Daily looking bullish. PRAJIND Daily has trendline breakout/inverted head n shoulder breakout with 200 ema support on daily candle.
Good to buy at 386 with target of 456 with sl below 365
Praj - Anticipating upmove1. Volume & Range expansion in buying in the last few weeks.
2. Breakout on 6th October & now retesting.
3. Taking support at Upward trend line.
4. Overall Nifty is doing well.
Praj Ind : Praj Karega Raj !!!!
Good Day
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 coming is 542 , 700 ,858.
Hold it for atleast 8 to 12 months.
Time Frame : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
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Praj Industries (PRAJIND)... positional viewWith a bullish candle formation on Friday, the upward momentum looks promising in Praj Industries. Sustaining price levels above 390 is important.
On the positive side, then one can expect initial target of 410 and 440. Beyond 450 can see substantial move on the upside.
Support level at 365 and 350. Below 350 one can initiate stop loss.
Not a buy/sell recommendation. Please consult your financial advisor.
PRAJIND - Ichimoku Bullish Breakout Stock Name - Praj Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 455
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
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PrajIndustriesPrior Uptrend
In consolidation with good base
Range is forming in base
Take position with good entry of less Risk high Reward
praj industry chart is some non directional however business structure and theme is positive so we can enter at current level and also can add more at bottom level of parallel line near 300 with sl below 300 for target 550,650+++
Praj ready for next breakout#praj
Praj industry looks getting ready for Inv HS BO.
Will take pilot position on Day close above 430
And final position on DC > 445
#vr
THERMAX BO, bagged 17% intraday, further levels marked !!NSE:THERMAX
#NSE:THERMAX shaed with entry @ 2007 and zoomed up to 2347 = 340 points.
further good above 2320, support levels marked for practice.
Check out the details below the chart, signature column.
Happy LEarning !!
Praj industries long Praj Industries, weakly time frame it's a good multi months breakout.
Fundamentally strong company which is having great admiration for ethanol production. You can consider this for a long-term idea 💡.
Praj industries - Breakout and Retest 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.
