PRAJIND trade ideas
#PRAJIND #PRICE ACTIONThe company has shown a good profit growth of 31.29% for the Past 3 years.
Company is virtually debt free.
Company has a healthy Interest coverage ratio of 42.47.
The company has an efficient Cash Conversion Cycle of 49.62 days.
The company has a good cash flow management; CFO/PAT stands at 1.26.
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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07 Months Long Consolidaitons Breakout07 Months long consolidations #Breakout . Our work is manage our quantity and risk .
Breakout???This stock touched the trent line for 5 times ..We can see bullish candle near trend line ..Good stock for positional..entry above 387
Do your analyze before entry.
Breakout This guy gives 70% move in a month.after it consolidates over 8 months and now it trying to break the zone.can expect at least 50% move in 2 months.take entry based on risk.
Praj IndustriesDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
Chart of the week. Praj Industries. 9/1/22.After months of consolidation, Praj has given a up flag breakout on its weekly chart. The trading Volume was high on closing basis, therefore, I recommend to buy this stock as Medium to long term. One can buy agreesively if the stock manages to close above 375 on monthly basis.
Target - 475, 591, 700 and 750 Weekly
SL - 300 Weekly closing basis.
View - Medium to Long term.
PRAJ INDUSTRIES LONGOne more stock from Ethanol space, Praj industries!!
Brilliant chart, price action, management, and operation space!
could be a potential multibagger.
PRAJINDNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
watch for flag breakoutbuy above 385 in intraday
can buy for swing trade as well but 405 is still a resistance so safe entry is 405
for positional stoploss is 300 for swing keep according to your risk appetite
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
W pattern formation in both the Price and RSI : PrajindW pattern formation in both the Price and RSI : Prajind
Detailed analysis given on the chart
NSE:PRAJIND
flag and pole / descending triangle - PRAJ INDUSTRIESstock after huge rally consolidating in range and today given breakout of range
weekly rsi is at oversold which is good sign
also no negative factor can't be seen in chart.
Buy PRAJ INDUSTRIESBuy PRAJ INDUSTRIES above 360 with SL of 342.
Above 360 we can see 385..398..
There is a small hurdle at 370, however stock looks bullish and should cross it's 52 week high very soon.
One can consider a swing position or can even hold if it tries to break it's all time high..we can see good breakout after consolidation if stock tries to trade above 410 level...
at lower band of rangePraj is in falg correction on monthly and in a 100 point range on weekly time frame.
Currently price has retested lower band.
Key levels
1. Upper band of range 410
2. Resistance 350
3. Support 292
PS: 10x pole length (43 to 410) breakout may see 2x in long run
Breakout candidate: Praj Praj is Breaking 6 months consolidation. with possible targets of 438 and stoploss of 362
target: 438
stoploss: 362
Praj Industries Limited Praj Industries Limited trading in channel for long time. keep watch for channel breakout in this stock.
INVEST IN GRREN TECHNOLOGY FUNDAMENTAL ANALYSIS-
company's working sector -
company's working model is based on green environment promoting technology. ethanol blending, biofuel, bioenergy , praj HI-purity systems , water and waste water treatment ,brewery plants and equipment's and R&D in industrial biotechnology sector. As we know global warming is serious issue world wide right now, government has taken initiatives to reduce global warming but as industrialization growth going in India this green environment concept is going to be in limelight in upcoming years. praj industries is going to be leader in this sector as they had taken lead ,diversifying their projects in every green environment aspects and constantly improving and developing in this field.
financial status-
1.intact revenue and profit
2. constant growth in EBITDA , PBT
3. company has good amount of free ash flow.
4. dividend paying company.
5. 1 year return- 218.75%
technical analysis-
bullish pole and pattern, current status - chart is in flag mode
buying levels -
1st level - around 310 created double bottom and again approaching their
2nd level - around 280 50% Fibonacci retracement level
3rd level - around 260 most important buying zone buying at 260 level is worth of buying praj industries
this stock has potential to grow in upcoming year as company's working model is futuristic.
all the fundamentals are referred by using tickertape software.
this study is for education purpose only.
