FLAG & POLE BREAKOUT PRAJ INDUSTRYOn Weekly time frame, Praj Industry is showing Flag and Pole breakout. Entry above 406 for positional target of 667-670.
PRAJIND trade ideas
Breakout in PRAJINDExpecting a big move in PRAJIND. It has been consolidating for sometime now and looks like it is ready for a big move. The volumes have been increasing as well.
prajSwaraj and Praj have now signed an agreement for expanding up to 500 KLPD capacity that is expected to be operational by the third quarter of FY 2022-23. Praj will design, engineering, supply, commission the plant, deploying its advanced sugarcane juice and Biosyrup to ethanol technology.Swaraj Green Power & Fuel will set up Asia’s largest ethanol production unit at Phaltan (Satara) in Maharashtra. The plant’s targeted capacity will be 1,100 kilolitres per day (KLPD).
In the first stage, it will have a capacity of 500 kilolitres per day KLPD and in the second, the capacity would be enhanced to 1,100 KLPD. The unit will use sugarcane juice and Biosyrup as raw materials based on technology supplied by Praj Industries. At full capacity, Swaraj will become the largest capacity plant to produce Ethanol in India and Asia.
Praj Industry - 8 Months Long Range BreakoutPraj Industry is giving long-range breakout with increasing volume. The government is pushing for ethanol. Can give 50% upside if closes above its All time high.
Praj IndustriesSolid break out for Praj above trend line. But its problem doesn't stops here. Next hurdle is at 385, 399, and 407. Harmonic resistance at 396. Bechara Praj so many hurdles for him. but ones it closes above all time high sky is the limit. surely look for 2x. Its only idea sirji before investing contact your financial advisor.
PRAJIND Life CycleNSE:PRAJIND
PRAJ Industries Life Cycle In Simplest Way. Nothing More To Explain Chart Saying All We Have To Know
GO LONGFIB channel shows a strong support taken and bottommed out look for SL @ 302 & enter above 326 short term target 356,mid term 380, long term 470. disclaimer apply, do your own research please. thanks.
Praj Ind - Box BottomAnother popular stock has come to a key support of the box bottom.
Can look to add in trenches from CMP of 322 with SL below 305.
Praj Industries can see a reversal hearCandle formation indicates reversal can occur, a pennant formation on weekly timeframe, next resistance will be 406, then 488 and then 520.
Praj IndsThe previous commodity bull run it went from Rs 1 to 250 between 2002 to 2008. Gave a breakout of its previous top after 13 years. Came back to test d breakout level and rallied from there. It can be accumulated till a dip of 250 for an investment.
PRAJIND at demand zonePRAJIND is on demand zone can be long
1. RSI showing positive divergence
2. Morning star candle patterns seems at support
3. Taken support with volume at main trendline support
4. About to breakout from falling wedge.
5. At demand zone area
PRAJ INDPrice Consolidating for a long time
Triangle Formation.
Expecting a breakout/ Breakdown
Marked levels for short term (1-3 months) targets
** Educational View
BUY : PRAJ INDAfter a Stellar upmove , prices have gone sideways, with volumes drying up drastically . Looks like the stock hs taken necessary rest before continuing its prioe strong momentum.
PRAJ INDPRAJ IND LOOKING GOOD 366
SUPPORT LINE 1 - 356
SUPPORT LINE 2 - 345
IF HOLD ON UPCOMING DAYS NEW HIGH
7007501315
Praj InternationalExpect to come down to check 271 resistance..
Or
Take Support from EMA 50..
Since SMA 10 is making a downward curve on top.
PRAJ INDUSTRIES LONG (LONG TERM OPPORTUNITY)14 YEAR ROUDING BOTTOM BREAKOUT
EXTREMELY BULLISH ON MONTHLY AND WEEKLY TIMEFRAME SUGGESTED BY RSI ABOVE 60
OUTPERFORMANCE TO BROAD MARKET (CNX500)
KEY LEVEL : -------275-------------
ENTER @ CMP AND BUY ON DAILY DIPS AS LONG AS ABOVE 275
INTIAL STOP LOSS : CLOSE BELOW 270 ON DAILY BASIS (ABSOLUTE CRUCIAL : DO NOT HOLD BELOW 270)
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Risk Disclosure
DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures , stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains.
If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
Praj Ind - Looks like breathing out but I heard there is newsChances of coming little down - will observe for few days - if settle here - will buy - if going down - I will wait.
But I heard that there is news that they got big order so chances are going to up.
Your thoughts ? Comments ?
