Praj Industries has found support at horizontal/sloping trendline @448 plus a positive divergence formed on RSI with high volumes. Its floating just above the resistance zone @525. This looks very bullish to me from here for targets of 596,649,699 over the next 1,2,3 months. Disclosure: i hold the stock bought over last year. This is charted for my own benefit...
For the beverage alcohol and bioethanol plants, breweries, water and wastewater treatment facilities, essential process equipment and systems, and bioproducts industry, PRAJ Industries Ltd. provides process engineering and solutions. Nearly 60% of the ETHANOL manufacturing is covered by the corporation. Although I'm not sure, I believe that it is now corrected...
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My view on PRAJ industry, Target price and SL shared in chart. This analysis in only for learning purpose. This is not recomendation, please take any decision with your financial advisor. I am not SEBI register, please suggest me if I am wrong, this help me a lot. Thanks
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...
after the curb on ETHANOL blending, Cabinet Secy Likely To Hold A Review Meeting On Ethanol again and as Praj Ind is the biggest supplier of an ethanol plant in India.
Praj 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! You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks. **Disclaimer: I...
Stock has been range bound for good amount of time now and has seen a decent breakout recently with retesting happening post which stock is poised for newer highs
Govt. decision to cut down Ethanol crashed Sugar and Praj stocks. Praj is not just a sugar stock, the business has more to it. Pessimism should be over around Praj industries. Trying to grab this fall for a short term investment keeping a narrow stop loss of 523 with a target of 600 - 630 Similar pessimism crashed prices of IGL, MGL. MGL got up. Wait for IGL.
Fib Analysis- 646 is the Fib resistance. It is the 100% of the previous swing. So we have a price resistance. Candlestick - At the price resistance we have a reversal pattern Railway track which is a directional signal. RSI & Composite- we have a -ve divergence in both the oscillators. Conclusion - Use any bounce back to exit this counter. Below 512 exit...
Buyers defended 300 Level 5-6 times. Great entry above 350. Stop below 300. Target 500. which makes a decent Risk:Reward of about 1:3 - 1:4 One of the Largest Ethanol Player. Net debt free company PAT CAGR 30%++ Revenue CAGR 25%++ ROCE 20%++ Not a recommendation.
Praj Inds Cmp 540 dated 27-10-2023 1. Morning Star Candle @ support 2. RSI Divergence Buy above 545 target 555-565-580-590-600 SL 520 It is just a view, please trade at your own risk.
Refer the chart. Its not a call. Just for reference and educational purpose.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading...
Praj looks good Stock at brakeout level Keep On Radar...
Take entry at 395 1st Target 429.50 2nd target 465 3rd target 496 check similar previous chart pattern on chart. all support and resistance in the box are almost same. trendline also indicate 430 level and chart pattern also same. lets see our prediction will work or not.