After a 12 years long consolidation phase which began in Oct '2008, Praj Industries broke out in the month Mar '21 and rose from a low of 152 to a high of 407 before trading in a range to form an ascending channel pattern.
After a failed breakout in Sep '23, the scrip has successfully broken out of the ascending channel rising 15% in the ongoing month of Nov '23.
Target 1: 814
Target 2: 1044 (Upside Potential: 69%)
Holding Period: Max 1 year
After a failed breakout in Sep '23, the scrip has successfully broken out of the ascending channel rising 15% in the ongoing month of Nov '23.
Target 1: 814
Target 2: 1044 (Upside Potential: 69%)
Holding Period: Max 1 year
交易進行
Stock faced considerable correction...Now it's good time to make entry. Keep stop loss as per risk appetite.
手動結束交易
Target 1 was achieved on 29 Nov'24. However, just after that the stock faced significant correction of almost 47%. It seems that the glory days of Praj Industries are over. Fundamentals have changed. It is advised to search for alternatives.
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