PRAJIND trade ideas
PRAJIND @ MASSIVE BREAKOUTPattern suggesting heavy breakout in prajindustry. Closing above 380 is very good... Target Updated after successful closing
#Consoliodation overPraj Industry has broken out of a consolidation zone and a cross above 408 will infuse fresh momentum towards 700 levels.
Recent swing Low can be used as stop-loss.
Medium-term investment
Disclaimer: Educational View
PRAJIND - Weekly Bullish Flag Pattern BreakoutConfluence :
1.Weekly Bullish Flag pattern Breakout
2.Around 240 days consolidation breakout
3.Weekly Breakout with Bullish Momentum
4.Stock is uptrend in Monthly , Weekly and Day Time Frame
PRAJINDS BULLISH FLAG BREAKOUT.#prajind bullisg flag breakout in weekly time frame
Buy on dips till 380
#bullishflag #breakoutstocks
PRAJ IND : FLAG PATTERNMoving in range from last 5- 7 month , Finally sign of breakout
TGT - 500 & 650+
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
give breakout after 6 monthsthis all ideas are posted for educational purpose only
please do your own research before trade
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.
Praj Industries IntradayFlag pattern target with good volumes. With the bullish trend in sugar industry it is worth looking at.
Praj Industries BullishPraj industries seems strong weekly closing in life time high
rally may continue further concentrate if price sustain above 401 in daily
Flag & Pole Breakout
Strong rangebound consolidation & near breakout
400 range entry with SL below 385-375 support range
at 325 entry level took 200ema daily support & RSI divergence
PRAJ INDUSTRIES - Breakout after 7 months of consolidationFundamentally strong company.. have given a breakout after 7 months of consolidation. Chart looks pretty bullish.. Good to go
Chart Analysis of Prajind (16 Jan 2022)Praj Industries
It is engaged in the business of process and project engineering.
Breaking out after almost 7 months of consolidation.
Target : 495,590
SL : 380 WCB
Only for educational purpose. Not a recommendation.
Praj Industries Weekly analysis breakoutPraj Industries weekly breakout
Good volume on weekly analysis.
NSE:PRAJIND
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.
Short Term Pick ✌✌This scrip has choosen for short term as it had given confirmation. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏
PrajIndThough breakout happened, we may see resistance from the rays... Lets see how it progressed...
PRAJ INDUSTRIESeducational idea-
Praj industry we expect the stock May go for given target levels to inspire us,Please like the idea If you agree with the analysis.
Praj Industries BreakoutPraj Industries has broken out after a very long consolidation. Keep a stop loss at 380 and the stock should double in the next 1 year. Praj is part of my fundamental research as well and the story around ethanol is picking up more and more steam.
Praj Ind - Positional viewPraj Ind : Positional
Good Breakout seen
Sustaining 400 is very crucial
Long above 408 with SL 375
Watchout for ATH breakoutThe stock looks good positionally above 407 level for 10-15% positional upmove
Learn & Earn,
Dr. Tanya Kumar
Channel BO & Double bottom BO - Praj Inds on daily chartbeautiful set up on chart, long consolidation... Channel BO candidate, double bottom candidate, RSI BO, RSI @ 69 (good) & Increase in volumes over the consolidation period...all makes it a perfect BO candidate..a perfect text book example!.wait & watch..will it give a BO?
Disc : Invested, not a reco for Buy/sell
Praj ind.. LongWeekly Flag Breakout Possible..
Healthy range traded..
Bullish Structure
Details in the chart..
