PRAJ INDUSTRIES LTD
Long
Updated

Praj Industries Ltd - Cup & Handle + Ascending Triangle Breakout

992
๐Ÿ“Š Script: PRAJIND (PRAJ INDUSTRIES LIMITED)
๐Ÿ“Š Nifty50 Stock: NO
๐Ÿ“Š Sectoral Index: NIFTY500 / NIFTY INFRASTRUCTURE / NIFTY SMALLCAP
๐Ÿ“Š Sector: Industrials Capital Goods
๐Ÿ“Š Industry: Engineering & Construction products

Time-Frame : Daily - Ascending Triangle Breakout
snapshot

Key highlights: ๐Ÿ’กโšก

๐Ÿ“ˆ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
๐Ÿ“ˆ MACD is giving crossover .
๐Ÿ“ˆ Double Moving Averages also giving crossover .
๐Ÿ“ˆ Volume is increasing along with price which is volume breakout.
๐Ÿ“ˆ Script is giving breakout of Cup & Handle + Ascending Triangle.
๐Ÿ“ˆ Current RSI is around 64.
๐Ÿ“ˆ One can go for Swing Trade.

โฑ๏ธ C.M.P ๐Ÿ“‘๐Ÿ’ฐ- 443
๐ŸŸข Target ๐ŸŽฏ๐Ÿ† - 500
โš ๏ธ Stoploss โ˜ ๏ธ๐Ÿšซ - 414

โš ๏ธ Important: Always maintain your Risk & Reward Ratio.

โš ๏ธ Purely technical based pick.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

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Happy learning with trading. Cheers!๐Ÿฅ‚
Trade active
Trade active
Trade closed: stop reached
STOPLOSS HIT ON 28TH OCT

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