Praj Industries Ltd is the multinational bio technology and engineering company. The company operates in bio energy, Hi Purity system, critical process equipment like skids, they also manufacture equipment useful for waste water treatment and brewery, Ethanol and beverages. It has a global presence in more than 100 countries with a team for 1200+ professionals....
flag pattern breakout on weekly chart pattern similar like my old script may be that took 3 to 6 month for breakout but when that range break that 395 share reached 600 double in any quarter non risky trade can wait for 350 risky trader can make entry now on 395 to 400 and if that go down so average on bottom that trade sure shot double in next recent time mark my...
I will wait for downside level of 355 on NSE:PRAJIND which will complete 60% Fibonacci retracement. My idea is to take entry at the level of 355 with stop loss of 335 (-20 Points). Can hold till up side targets of 368, 378 & 395. This could be low risk and high reward idea.
Note: This is my personal analysis, only for learning. Thanks.
It will be best only to take entry on NSE:PRAJIND is, when price test the level of 375. Then wait for upside with stop loss of 365 (-10 Points).
My expected upside target would be 383 & 395.
Note: This is my personal analysis, only for learning. Thanks.
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
BUY ABOVE 400
TARGET 450 500 ++
Will update accordingly
Ethanol economy may rise to Rs.2 lakh crore from Rs. 20k crore (10x)
This news will take this stock to a new high!!
SUGAR SECTOR WILL BLAST!!
Praj Industries
Good Uptrend
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.
Targets: 450/500/565+
sl: below 360
Low risk high reward trade. Positional traders could opt for deeper sl below 330 levels.
Position...
