techtrail

Praj Industries: Awaiting A Breakout

NSE:PRAJIND   PRAJ INDUSTRIES
This stock looks bullish in the weekly and monthly charts. A look at the daily chart indicates consolidation near a key resistance level (denoted by the red dashed line). Am waiting for a breakout above the line (backed by higher volume) before buying this one. My guess is that it is just a question of time before the stock registers a big breakout and heads north.

Lets wait and watch if the breakout does happen. There are of course a lot of other nuances that a passionate chart reader can spot. Am not getting into details. Let me have your thoughts too.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.