praj indistries - buy short term opportunity.. gave good volume ,, jumped from lower base.. expected to face resistence in the green line drawn upsideLongby BharatBhoomi3
Praj Industries looks good above 540-550 Zone Following a prolonged consolidation phase, Praj Industries appears promising if it surpasses the 550 level. There's potential for approximately a 30% upside over the next 2-3 months. Keep a close eye on its quarterly results to gauge momentum.Longby profitabledost1
Buy Praj Industries Buy Praj Industries at CMP with a SL of Rs. 520 & Initial Target of Rs. 660/- Please consider and do your own analysis before investing. This is just my viewby sanurulz19805
Praj industries breakout retestPraj industries breakout retest on monthly time frame.Longby Sapnesh_Konadkar21
PRAJIND - Swing LongPRAJIND is spiking above the support zone and breaking out its vertical resistance. Longby GArunSingh1
PRAJIND : FOLLOW UP ANALYSISNSE:PRAJIND has finally given a breakout above the neckline. At the end of the day we can see the confirmation if the candle closes above the neckline. We already have the target and stop loss mentioned. Longby VanshikaUdeshiUpdated 2
FORMATION OF DOUBLE BOTTOM: PRAJ IND1. Identifying the Downtrend: A downtrend is characterized by a series of lower highs and lower lows. Upon analyzing the price chart of Praj Industries, it's evident that the stock has been declining over a certain period. This downtrend is marked by a consistent pattern of lower highs and lower lows, indicating selling pressure and overall bearish sentiment in the market. 2. Double Bottom Formation: e observe the formation of a double bottom pattern within this downtrend. A double bottom pattern is a bullish reversal pattern that typically forms after an extended downtrend and signifies a potential trend reversal. In the case of NSE:PRAJIND , we identify two distinct troughs (bottoms) formed at approximately the same price level, separated by a peak (intermediate high). This formation suggests that selling pressure may be waning, and buyers are stepping in at the same support level twice, indicating a potential shift in sentiment from bearish to bullish. 3. Confirmation and Trade Setup: To confirm the validity of the double bottom pattern and initiate a trade, we look for a breakout above the neckline. The neckline is drawn by connecting the highs between the two troughs of the double bottom pattern. Once the candle closes above the neckline, it serves as confirmation of the pattern completion and signals a potential entry point for a long trade. 4. Target Projection: The target for the trade can be estimated by measuring the distance from the lowest low (bottom) of the double bottom pattern to the neckline. This distance is then added to the breakout point (the neckline) to project a potential upside target. Longby VanshikaUdeshi3
PRAJIND: A Potential Buying Opportunity Emerges Amidst CorrectioPRAJIND has recently undergone a notable correction from its peak, completing a corrective wave pattern ABC. Presently, it hovers around the golden zone of reversal (113% - 127%), having breached its resistance trend line on the daily chart and retracing towards the bottom. In this scenario, an apparent buying opportunity emerges with a minimal risk of 5% against a potential return of 44%. Currently priced at 483, the anticipated upside targets lie within the range of 680 to 700. It's important to note that these observations reflect a personal perspective on the stock and should not be construed as a recommendation to buy or sell. As with all investments, the stock market entails financial risk. It's advisable to conduct thorough analysis and seek guidance from a financial advisor before making any investment decisions.Longby LiveTradingBox3
PRAJIND Breakout Soon Rally PRAJIND Double bottom made and a big volume candle. Closed above 200 EMA on daily RSI turns positive. Quick Targets 561/582 Longby ShareMaret-Shared1
Praj Industries LtdTARGET AND STOPLOSS IN CHART Praj Industries Ltd, incorporated in 1985 and headquartered in Pune has a presence across the globe with more than 750 references in more than 75 countries. It began as a supplier of an ethanol plant, today it is a global company providing various solutions with a focus on the environment, energy, and agri-process industry. Market Cap ₹ 7,853 Cr. Current Price ₹ 428 High / Low ₹ 462 / 299 Stock P/E 30.5 Book Value ₹ 58.7 Dividend Yield 1.05 % ROCE 31.0 % ROE 23.7 % Face Value ₹ 2.00 Promoter holding 32.8 % EPS last year ₹ 13.0 EPS latest quarter ₹ 3.19 Debt ₹ 42.1 Cr. Pledged percentage 0.00 % Net CF ₹ -8.87 Cr. Price to Cash Flow 48.4 Free Cash Flow ₹ 127 Cr. Debt to equity 0.04 OPM last year 8.73 % OPM 5Year 8.19 % Reserves ₹ 1,041 Cr. Price to book value 7.29 Int Coverage 69.6 PEG Ratio 0.65 Price to Sales 2.23 Longby madhu2811Updated 4436
excellent fundamental ethanol players buy at 370-374 near support area sl bs below 368 for ST long term add on dips target 450+ 600++++Longby naiteyUpdated 8
PRAJINDBullish Sing for Swing Trading, It's Trading Above 100 DMA & as Well as it's 20℅ revered from last 3 month Low Longby Treemurti_Traders0
Praj Industry looks good for longPraj Industry looking good for long currently a inverse head and solder building up, when it break we can see a price jump upto 20%.Longby finlabventureUpdated 3311
Praj industry Positional long term BasePraj industry very strong for long side 2nd time recommendation ssutain above 610 minimum target projection 629-647-720++ Longby lashkarikartikUpdated 7
PRAJ IndustriesAs anticipated , the stock is all set to move tot he next lap of up move. A clear move above the shadow of the "BC" Bar with volume support. Delivery volumes also indicate longer term buyers coming in.by karthikmarar114
PRAJIND QUARTERLY CHARTPRAJIND QUARTERLY CHART Cmp 498.90 Target 669 Support 420 PRAJIND has resumed its 5th wave (1-2-3-4-5), likely target for the pattern projected @ 669 levels. Its only an observation & not any suggestion.Longby UnknownUnicorn4824761Updated 22
2 YEAR RANGE BO IN PARAJ IND-WCBEntry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. Please consult your financial advisor before taking any trade.Longby NIRVAANA_TRADERUpdated 0
PRAJINDThe stock is coming out of the Supply Shadow of the "BC" bar. The Relative strength is turning positive. Buying Pressure and Money flow are already positive. Another upbar closing above the shadow preferably above today's High will ensure that the stock will move much higher. Also on the weekly as well the stock is moving above the supply shadow of a BC bar. All key parameters remaining positive. Longby karthikmarar9
Bullish sentiment on PRAJIND Bullish on PRAJ INDUSTRIES BUY above 615+ SL 585 Target 705+ Disclaimer - we are not responsible for your profit and loss, it's only for education purpose analysis.Longby bishnoiop221
#PrajInd Strong Breakout Praj ind given a strong breakout. Longterm View Taken support at quarterly Bullish GPZ and the bull run started. Longby Game_0f_Pivot5
praj industries share nse:prajind current price 468 weekly breakout flag breakout great fundamentals keep on buy for great profits breakout given at 461 multiyear consolidation breakout 100% buy rating Longby jitendra_98989Updated 7734
Praj Industries: After long consolidation ready for next up movePraj Industries: After long consolidation now it is ready for next up move. It rallied one way from 70 to 400 in 6-7 months after corona and then consolidate between 300-450 range for 2 long years and now it broken this range decisively. Buy between 465-480 range with a SL of 430 for a target of 620.Longby sanu1802Updated 7
PRAJ IND LONG 518 ETHANOL BLENDING INITIATIVE + POWERFUL CHART Can be a powerful combination going into the next few hours . if it can stay above the support zone can go on and on SL 478 Longby himeshforexUpdated 5