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PRAJ INDUSTRIES LTDPRAJ INDUSTRIES LTDPRAJ INDUSTRIES LTD

PRAJ INDUSTRIES LTD

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PRAJIND trade ideas

Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:PRAJIND
by AnsariTV
PRAJ INDUSTRIES LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:PRAJIND
by zenthosh
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.
NSE:PRAJINDLong
by VanshikaUdeshi
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.
NSE:PRAJINDLong
by LiveTradingBox
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
NSE:PRAJINDLong
by madhu2811
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