Praj Industries, weakly time frame it's a good multi months breakout.
Fundamentally strong company which is having great admiration for ethanol production. You can consider this for a long-term idea 💡.
Weakly chart Consolidation
LONG term 1x, 2x return.
Strong on the Metal sector.
Long term target 1 - 240
Target 1 - 128
Target 2- 140-145
Target 3 - 150
From here it can break strongly because of hitting resistance 3 times in a swing.
If SAIL falls from here accumulate shares at a lower prices at 110 and 100rs
Don't exactly see the ghost bars, that's a possibility.
In Long term, it can generate 2x,3x return because it's a fundamentally strong company.
Enter in retracement or day's high based on price action.
Target - all-time high level (Short term)
HAVE A PROFITABLE "ENTRY & EXIT"
This break out trade can take the price even higher,
Get perfect entry, either in retracements or if it moves still higher grab the opportunity.
Target 1: 165
Target 2: 170,175,180
Note: It would be better if you entered before the moment achieved, Grab the opportunity if you get a retracement or any type of price action.