Praj IndustriesThe chart hows the direction in which the stock looks to be heading. Long positions can be initiated in the stock at cmp for target of 130 with stop below 107 on closing basis.
PRAJIND trade ideas
PRAJ INDUSTRIES LIMITED : Bearish Flag (Continuation Pattern)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 price actions. Because it has taken 50% Resistance Already and at present taking resistance of falling trendline and also formed a Bearish Flag Pattern.
Praj Industries: Awaiting A BreakoutThis 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 north.
Lets wait and watch if the breakout does happen. There are of course a lot of other nuances that a passionate chart reader can spot. Am not getting into details. Let me have your thoughts too.
Waiting for Range & Correction is Good for Investor Those who would like to trade range bond , they can look for small range , a wise man will always wait correction to complete before entering for Long term investment
Praj IndustriesThe 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 - FALG BREAKOUT 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.
Praj IndustriesBuy range
115-118
Target
122
128
134
140
SL below 108 CBSL
For educational purpose only, Not responsible for any loss
Positional Long | SL 60 | Tgt openStructure looks bullish...start buying early before it breaks out above 115-20 zone...tiny SL 60
Praj heading for 95/100Praj industries cmp 87.9 is looking for a break-out swiftly can move to 95 and then 100. MACD RSI both looking bullish
Praj:81.25 We are currently in bull run wave [3]Praj Industries Ltd:81.25
On completion of the correction, next Resistance will be ₹120
and in long term, targets will meet a ₹296 ₹358 & even ₹460 Fibonacci projection levels.
stop loss on completion wave (2) can be end at 64 or 55.
The 2008 top ₹268 concluded a primary wave 1] with an extension in its inter mediate wave (5), made a drastic fall , correcting the entire wave (5) with a Double Zigzag ending at ₹31. Its further advancement looks like a bullish move following the classic rules, assuming that we are in sub wave (2) correction, and on completion of that, wave (3) will open up.
We are in wave 3], will have a huge gain in long term view.
Short term: abc correction ₹ 55.00
