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PRAJ INDUSTRIES LTDPRAJ INDUSTRIES LTDPRAJ INDUSTRIES LTD

PRAJ INDUSTRIES LTD

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PRAJIND trade ideas

Praj Industries Ltd - Trading BoxPraj Industries Ltd has formed a rounding pattern from November 2023 to June 2024, followed by a breakout and subsequent retest. Although the price initially surged, the target has not yet been reached. Currently, the stock is trading in a range with support at 715 and resistance around 820. Recent high volumes suggest a potential upside breakout is imminent, with both the range target and rounding pattern target aligning at 950. This confluence strengthens the bullish outlook for the stock. Disclaimer Please Note Above analysis will work if price pierced and closed above resistance zone.
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NSE:PRAJINDLong
by Arvind_Share_Academy
2
PRAJIND // level // D #PRAJIND Current Price: *801.55 Trend: Bullish breakout after a consolidation phase, indicating strong upward momentum. Chart Pattern: Breakout from *760, showing potential for further gains. Support Levels: *760 and *720. Resistance Levels: *825 and *850. Volume: High at 13.356 million, well above the 15-day average (~3-4 million), signaling strong buying interest. Recommendation: Buy near ₹780-800 with a target of ₹850 and stop-loss at *750 for a swing trade.
NSE:PRAJINDLong
by SkyTradingZone
PRAJ INDUSTRIESPraj Industries Ltd, incorporated in 1985 and headquartered in Pune has a presence across the globe with more than 750 references in more than 75 countries. It began as a supplier of an ethanol plant, today it is a global company providing various solutions with a focus on the environment, energy, and agri-process industry. Its product portfolio is diversified into BioEnergy, Praj HiPurity Systems, Critical Process Equipment & Skids, Wastewater Treatment, and Brewery & Beverages. After a Wolfe Wave, the moves can be explosive. lets see.
NSE:PRAJINDLong
by CannySunny
2
Praj IndFor 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 because ETOH Manufacturing is temporarily banned by the government. I think there is a high chance of receiving a significant payoff if it crosses above 541–545. It might touch 550, 600, or 650 if it crosses over the level. This serves only as educational material. recommend not purchasing or selling. Before making an investment, please consult your advisor.
NSE:PRAJINDLong
by KP_77
Approaching Key Resistance – Potential Breakout The stock is forming a symmetrical triangle, approaching the apex, indicating a potential breakout soon. The RSI is at 51.54, suggesting neutral momentum with potential for upward movement. The MACD shows a bullish crossover, with the histogram indicating a positive shift in momentum. A recent increase in volume supports the potential for a breakout. Immediate resistance is around ₹560, while support is at the lower trendline around ₹480. Watch for a breakout above ₹560 with increased volume for a potential bullish move. If the breakout occurs, the stock could target higher levels quickly.
NSE:PRAJINDLong
by Marketik
PRAJIND - aiming to scale new highs?Hi Traders, Those of you who are watching PrajInd may find this view of interest. I notice that today it has hit ATH with very strong relative volume; ie., Up volumes are more than Down volumes. When a stock shows this kind of character, it means more traders are buying than selling. So for these reasons, I expect this to touch the circled levels. Let's see. I am recording this idea for my personal study. If you find this and other analyses of mine of interest, I would be interested in your views. All the best. PriceCatch
NSE:PRAJINDLong
by PriceCatch
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 RESPECTED! 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 TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-)
NSE:PRAJINDLong
by Yoyohoneysingh93