PRAJ INDUSTRIES - Swing Trade Analysis - 9th June #stocksPRAJ INDUSTRIES (1D TF) - Swing Trade Analysis given on 9th June, 2024 Pattern: RECTANGLE BOX BREAKOUT - Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress * DisclaimerLongby TradeRyteStockzUpdated 2223
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.Longby CuriousChartist221
TWO SCENARIOS FOR NOWFinding this stock very healthy and strong . so expecting upward move.Longby wayalkhan1
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 Longby PriceCatch1
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. :-) Longby Yoyohoneysingh931
PRAJIND - 6 Months Downtrend Breakout Praj Industries Ltd 1) Time Frame - Daily. 2) The Stock has been in a Downtrend since (December, 2023). Now It has given a Downtrend breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame as well as Weekly Time Frame . 3) The next resistance would be it's Previous Life Time High (650.50 - 10.15% from the price 590.40) . 5) Recommendation - Strong BuyLongby SHRIHARIIUpdated 5
Hidden Bullish Price Action in Praj Industries | PRAJINDWhile reviewing the chart on weekly time frame I have discovered a hidden bullish price action by Institution, from the current level of 535 this script can go upto all time high levels of 650. P.S : Keep any eye, no buy recommendation (Just my view)Longby ujlayanshivam2
Accumalate this stock before it flies!Praj industries has been consolidating in a Darvas box since past 2 years. The stock is a major palyer in ethanol industry which is used an alternative to petrol in automobile. The stock is looking strong for a breakout of this consolidation which would be a monthly closing above 440. Accumalate this stock on dips. Best buy zone is 380-400. This idea is for investment perspective only. Longby tradewithamey_Updated 10
Praj Industries - Repeling the Support LevelPraj Industries - Repeling the Support Level 1) Support Level 2) Re - jump 3) Lets SeeLongby saurav09910
Praj Industries; beautiful chartPraj Industries seem to be breaking out from long consolidation, keep a watch, only for education purposeLongby tvihaan070
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. Longby Marketik5
Praj Industries is bullishPraj Industries has found support at horizontal/sloping trendline @448 plus a positive divergence formed on RSI with high volumes. Its floating just above the resistance zone @525. This looks very bullish to me from here for targets of 596,649,699 over the next 1,2,3 months. Disclosure: i hold the stock bought over last year. This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor. This is purely a technical chart observation, please check the fundamentals before investing. Longby MukadamUpdated 6
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.Longby KP_77Updated 5
PRAJIND#PRAJIND bounced from the demand zone with a strong volume. There is improvement in the relative strength too. Longby Sudhi44880
Amazing swing trading idea for 26 March Markets I make educational content videos for swing / positional trading Long05:17by Averoy_Apoorv_Analysis16
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 by pankaj08bbs2
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 Longby finvestarUpdated 664
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. Longby Darshilp7116
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! You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks. **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.Longby pmosesoliver1
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 highsLongby VigneshIyerUpdated 0
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.Longby RS_VUpdated 3
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.Shortby singh17vivek2
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.Longby abhaychakravarthiUpdated 2