PRAJIND#PRAJIND bounced from the demand zone with a strong volume. There is improvement in the relative strength too.
PRAJIND trade ideas
Amazing swing trading idea for 26 March Markets I make educational content videos for swing / positional trading
PRAJ Industry chart analysisMy 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
PRAJ INDUSTRIES: Breakout from Ascending Channel( 1M Chart)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 '23.
Target 1: 814
Target 2: 1044 (Upside Potential: 69%)
Holding Period: Max 1 year
Again a sweet Point for Sugar Stocks?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 :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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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
Praj medium term channel breakout retestStock 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
Crashed on negative newsGovt. 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.
This stock has turned bearishFib 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 this counter.
PRAJIND Swing TradeBuyers 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 Morning Star CandlePraj 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.
Amazing breakout on Weekly / Daily Timeframe - PRAJIND
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 get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
PRAJIND Bullish; above 616 on Friday 24 Nov. 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 Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
PRAJ INDISTRIES Perfect bullish patternTake 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.
PRAJINDUSTRY BREAKOUT AT ATHPrajindustry is breaking out and
trading at ATH with good volume
tradin above all key ema
educational idea only
Praj Ready Give fruits within 3 to 4 sessionsLook at the beautiful chart, it is beautiful and rising smooth.
It has formed inverse head and shoulder....
So, look Monday's opening if it is positive and above the base line of Bollinger band, supertrend is positive and rsi is healthy, then take a dip in the money bearing river.
PRAJIND | Dream Breakout | Swing TradePRAJIND | Dream Breakout | Swing Trade
Be careful while taking trade and its high risk reward stock. Make sure you shift stoploss accordingly to get good profit
Exciting Bullish Pattern Alert!📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: PRAJIND
🔍 Description: Momentum Stock strong Breakout
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
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.
Exciting Bullish Pattern Alert!📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: PRAJIND
🔍 Description: Moment Stock with Strong Breakout
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
