Double Moving Averages Crossover Swing Trade📊 Script: CHOLAFIN
📊 Sector: Finance
📊 Industry: Finance & Investments
⏱️ C.M.P 📑💰- 1337
🟢 Target 🎯🏆 - 1443
⚠️ Stoploss ☠️🚫 - 1295
📊 Script: PRAJIND
📊 Sector: Capital Goods-Non Electrical Equipment
📊 Industry: Engineering
⏱️ C.M.P 📑💰- 590
🟢 Target 🎯🏆 - 623
⚠️ Stoploss ☠️🚫 - 574
📊 Script: LATENTVIEW
📊 Sector: IT - Software
📊 Industry: Computers - Software - Medium / Small
⏱️ C.M.P 📑💰- 514
🟢 Target 🎯🏆 - 543
⚠️ Stoploss ☠️🚫 - 503
⚠️ Important: Always maintain your Risk & Reward Ratio.
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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!🥂
PRAJIND
Praj looking to prosperPraj 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. Praj Industries CMP is 397.35.
Negative aspects of the company are high valuation (P.E. = 30.4), declining cash from operations annual and promoter decreasing stake. Positive aspects of the company are improving annual net profits, no debt, FIIs are increasing stake, MFs are increasing stake and zero promoter pledge.
Entry after closing above 408. Target of the call will be 429 and 444. Long term target in the stock will be 461. Stop loss in the stock should be maintained at closing below 360.
PRAJIND Positional Buy IdeaI 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.
Praj Industries Ltd - Cup & Handle + Ascending Triangle Breakout📊 Script: PRAJIND (PRAJ INDUSTRIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500 / NIFTY INFRASTRUCTURE / NIFTY SMALLCAP
📊 Sector: Industrials Capital Goods
📊 Industry: Engineering & Construction products
Time-Frame : Daily - Ascending Triangle Breakout
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages also giving crossover .
📈 Volume is increasing along with price which is volume breakout.
📈 Script is giving breakout of Cup & Handle + Ascending Triangle.
📈 Current RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 443
🟢 Target 🎯🏆 - 500
⚠️ Stoploss ☠️🚫 - 414
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
PRAJ INDUSTRIES 1:4 MOMETUM TRADE NSE: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!
Market shows interest in PRAJINDMonthly and weekly looking good and market shows interest at 91. Took long position with stop at 91. Immediate target is 115. If strong momentum continues it can become a multi month position. If 115 is met then plan to use 50 ema as the future stop and scale in whenever possible.