PRAJIND Broke out from flag pole pattern after 500% momentum move. Strong volumes in the uptrend show increasing strength of the stock.One can enter entire position at C.M.P in view of a momentum trade with a tight sl.
Targets: 450/500/565+
sl: below 360
Low risk high reward trade. Positional traders could opt for deeper sl below 330 levels.
Position size accordingly. HAPPY TRADING!
Trade active
Good momentum today but a huge wick could mean a retest to the trendline. Add more quantity if retest occurs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.