Outlook on PRAJ INDUSTRIES

[Viktor.Finvest]

Hi Everyone,

Would like your thoughts on PRAJ INDUSTRIES.

Seems like it was headed for 420+. It even crossed 400 recently and reversed. As of now it to facing resistance in the 375-380 range.

Where do you think it is headed and Why ?

Tnx. Rgds.

 

[tradersmantra]

As you can see, price is moving in a range bound after an upside move. You can expect an upside move again. You need to wait for breakout .There is a possibility of fake breakout also. If you can identify the real and fake breakout , then you definitely can make money in this stock . But don't be in a hurry to make entry. Keep watching this one .