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.
Praj Industries is forming a nice VCP at around it's 21 EMA. This consolidation has been happening nearly over the last one and half month. A breakout from this level can be explosive. Fundamentally, it's a very good stock. Keep an eye for the breakout and can plan the trade accordingly.