Look at the beautiful chart, it is beautiful and rising smooth.
It has formed inverse head and shoulder....
So, look Monday's opening if it is positive and above the base line of Bollinger band, supertrend is positive and rsi is healthy, then take a dip in the money bearing river.
PRAJIND | Dream Breakout | Swing Trade
Be careful while taking trade and its high risk reward stock. Make sure you shift stoploss accordingly to get good profit
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: PRAJIND
🔍 Description: Momentum Stock strong Breakout
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and...
NSE:PRAJIND
✅ #PRAJIND trading near Resistance of 551
✅ Next Resistance is at 702
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is...
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...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: PRAJIND
🔍 Description: Moment Stock with Strong Breakout
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Praj Industries is a leading global biofuel technology company. A zero promoter pledge company with almost free of debt and a good profit delivery over last 5years.Can expect a good movement if it crosses 500 levels. Also have a strong support at 440 levels.
Weekly chart shows Clear Picture
Range Breakout
Stop loss as per Daily (as weekly will be too big)
Target as per weekly range breakout calculation
Follow for more updates
Fundamentally Strong
Praj Industries - Breakout after long consolidation for 26months (2+ years)
This can be a preemptive trade (Partial buying can be done) since this is a monthly candle.
If someone who isn't willing to take risk can take trade after this monthly candle is closed.
CMP: 474
Praj Inds Cmp 409.25 dated 10-7-2023
1. Rounding Pattern BO @ 409
Buy above 411 for target 425-435-445-460 SL 385
Pattern target 520 SL 365
It is just a view, please trade at your own risk.
Post 14 yrs of breakout in 2021 (>273 levels), it has consolidated for nearly 18-19 months in the range of 290-460 and made a double top as well arnd 460 in Oct 2022 which has been taken off today. The volumes were above average since July 2023 indicating a possible move here.
Initial targets of 600-620 are approaching
#stepup
#teekhatrader
If Stock opens Gap up or Gap down from the buy price please Avoid trade
DISCLAIMER:- I'm not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
