NSE: Praj Industries Breakout above 131
Breakout from long consolidation rage of 131 to 73 with heavy volume
More upside on daily charts
Possible long with stoploss of 131 for a target of 157, 167, 190 & 224 in short term
Exit Holding if : Closing Below 78.50
Stop-Loss : 85.80
Minimum Target Price : 53.25
Risk to Reward 1: 3.6
Of course, It's not a trading opportunity as we can not short sell this stock and make a profit. But Those who holding Prajind in their portfolio can exit and enter at a lower level again.
It seems convincing enough to sell the stock based on his recent...
This stock looks bullish in the weekly and monthly charts. A look at the daily chart indicates consolidation near a key resistance level (denoted by the red dashed line). Am waiting for a breakout above the line (backed by higher volume) before buying this one. My guess is that it is just a question of time before the stock registers a big breakout and heads...
The stock has seem to have woken up after a long slumber! After giving a good CNH break out, it did a retest of its break out level and seems now ready to start moving in the right direction for it's next leg! Definitely worth considering!
PRAJ is a investment IDEA. stock has given a flag breakout.
stay invested even at CMP stop will come 110 buy tgt can be huge at 150 to 200.
Not a Certified SEBI analyst. take financial advisor help before investing.