Praj Industries Long
Currently forming higher high and higher low CMP 200
SL - 380 on a closing basis
Could blast above if sustains above 449
Personally initiated trade at 420 for short term to midterm
Target 520 after a successful breakout
RSI - Over Bought Zone - We would see a correction soon
Support Level: 407 & 399
Suggestion: Dont enter now Buy on Dips Good Stock for Long term
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Happy Trading :)
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.
sl: below 360
Low risk high reward trade. Positional traders could opt for deeper sl below 330 levels.