Praj Industries Ltd is the multinational bio technology and engineering company. The company operates in bio energy, Hi Purity system, critical process equipment like skids, they also manufacture equipment useful for waste water treatment and brewery, Ethanol and beverages. It has a global presence in more than 100 countries with a team for 1200+ professionals....
I will wait for downside level of 355 on NSE:PRAJIND which will complete 60% Fibonacci retracement. My idea is to take entry at the level of 355 with stop loss of 335 (-20 Points). Can hold till up side targets of 368, 378 & 395. This could be low risk and high reward idea. Note: This is my personal analysis, only for learning. Thanks.
It will be best only to take entry on NSE:PRAJIND is, when price test the level of 375. Then wait for upside with stop loss of 365 (-10 Points). My expected upside target would be 383 & 395. Note: This is my personal analysis, only for learning. Thanks.
Praj industries touch to most strong support