PRAJ INDUSTRIES LTD
Long
Aggiornato

Praj Industries is bullish

605
Praj Industries has found support at horizontal/sloping trendline @448 plus a positive divergence formed on RSI with high volumes. Its floating just above the resistance zone @525.

This looks very bullish to me from here for targets of 596,649,699 over the next 1,2,3 months.

Disclosure: i hold the stock bought over last year.
This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor.

This is purely a technical chart observation, please check the fundamentals before investing.
Trade attivo
Volumes are poor, need more buying to sustain and move upwards
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Keep stoploss at 499 exit if closes on daily basis
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last weeks candles have all been negative, so watchout with the stoploss
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During the negative period the volumes have been low, so personally i am not that worried. But for those who have bought at breakout, follow the stoploss rule with discipline.
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For long term investors stoploss is at 465

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