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Prajindustries

PRAJ INDUSTRIES POTENTIAL UPSIDE MOVE.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 see if the bulls can sustain or the bears steps in. If price sustains above the marked white lines, we can plan for a long position.
NSE:PRAJINDLong
by manash_upstox
High Risk, High Gain SetupThis is Weekly timeframe. After covid crash, this stock have rallied multifold times. Yes, there are a lot fundamental triggers. From June 2021 it went sideways, in consolidation phase. It didn't went far from 0.23 fibo level. If sustained near it and consolidated. The correction is not more than 30% from top. These are strength indicators here. Now for last three weeks it have given strong bullish moves forming three white soldiers on weekly timeframe. It have given the breakout from the consolidation channel with volume supports. Stock is near 52 week high. So stock is ready to make fresh news highs. That's why this setup is a little more risky, but reward may be good if it rallys. This for is for information purpose only.
NSE:PRAJINDLong
by AkshayAdak
PRAJINDNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:PRAJINDLong
by SENSITRADE_T
INVEST IN GRREN TECHNOLOGY FUNDAMENTAL ANALYSIS- company's working sector - company's working model is based on green environment promoting technology. ethanol blending, biofuel, bioenergy , praj HI-purity systems , water and waste water treatment ,brewery plants and equipment's and R&D in industrial biotechnology sector. As we know global warming is serious issue world wide right now, government has taken initiatives to reduce global warming but as industrialization growth going in India this green environment concept is going to be in limelight in upcoming years. praj industries is going to be leader in this sector as they had taken lead ,diversifying their projects in every green environment aspects and constantly improving and developing in this field. financial status- 1.intact revenue and profit 2. constant growth in EBITDA , PBT 3. company has good amount of free ash flow. 4. dividend paying company. 5. 1 year return- 218.75% technical analysis- bullish pole and pattern, current status - chart is in flag mode buying levels - 1st level - around 310 created double bottom and again approaching their 2nd level - around 280 50% Fibonacci retracement level 3rd level - around 260 most important buying zone buying at 260 level is worth of buying praj industries this stock has potential to grow in upcoming year as company's working model is futuristic. all the fundamentals are referred by using tickertape software. this study is for education purpose only.
NSE:PRAJINDLong
by ameyagawade9