PriceActionSpotter

PRAJ INDUSTRIES 1:4 MOMETUM TRADE

Long
NSE:PRAJIND   PRAJ INDUSTRIES
NSE:PRAJIND Broke out from flag pole pattern after 500% momentum move. Strong volumes in the uptrend show increasing strength of the stock.

One can enter entire position at C.M.P in view of a momentum trade with a tight sl.

Targets: 450/500/565+
sl: below 360

Low risk high reward trade. Positional traders could opt for deeper sl below 330 levels.

Position size accordingly. HAPPY TRADING!
Trade active: Good momentum today but a huge wick could mean a retest to the trendline. Add more quantity if retest occurs.
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