Watchout for ATH breakoutThe stock has good volume and is testing its ATH level - looks good above 190 level
PRAJIND trade ideas
PRAJIND - POTENTIAL TO MOVE UP1) Stock breached 2 year high on last trading day of the month with monthly trendline breakout.
2) Potential to move towards 251 to 270 on index support.
3) Trade with support of 140
Praj Industries - Potential breakout candidateWith govt announcing new incentives for co's to produce more ethanol for fuel blending this capital goods player could benefit in a big way.
With markets correcting we could hope to get this around 146, but if the momentum continues then we buy the same above 170. It could be a 12 year ++ breakout which could lead to a sharp move upwards to a new ATH.
Track this stock to enter either ways.
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...
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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...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
PRAJ INDUSTRIES: 2.5Yr tested TL Breakout!🚀 Has got no Chill🔥⚡Trendlines are marked. Seeing this I estimate that still a lot of gas is left. Volumes are fantastic weekly wise too! Candle is a hammerish. What else one can ask for a breakout.
PRAJINDIAConsidering Sugar into news through recent Govt Schemes over Sugar Industry, Keeping eye on PRAJINDIA for a good movement upside to test it's previous high swing.
#PRAJIND : eversed from Monthly resistance. Above 116.5..next #PRAJIND : eversed from Monthly resistance.
Above 116.5..next target 120
Support :110
Praj Industries Wedge breakoutDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Stock has broken wedge pattern on daily chart with good volume.
It is set to test major hurdle near 100.
Long near 87-89 zones with Stop-loss 75.4
📌 Wave 3 target 98-100 if crosses and closes above 100 then wave 3 will get extended then it will move up towards 127 which is 2.618. This will mean breaking major 130 level which is channel resistance.
📌 If wave 3 is not extended and ends near 98-99 then after wave 4 should retrace little 88-89.
📌 Wave 5 should end near 117
📌 Only allocate small portion of the capital and do your own study or ask your financial advisors before investing
One Right Trade's Swing Trade Idea #194 : Long on PRAJINDThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
PRAJ Industries can go long after Trend line breakoutNSE:PRAJIND Looks very good setup to go long after successful breakout of trendline... Good for intraday, Swing trade with strict RR... Consider on closing basis..
Note: This is my personal view and please check n take a trade as per your RR.
Like, comment, share and subscribe if you need more setups like this.. Thanks.
breakout trade i will wait till today close,than take trade after conformation. tell me about your conviction in this script.
Prajind Industries making lower highsPrajind Industries making lower highs, although maintaining above 200d moving average.
