📊 PRAJ Industries Ltd – Bullish Breakout & Trend Continuation
The stock is showing strong bullish momentum after a consolidation phase, with price steadily moving higher and sustaining above key levels.
🔎 Technical Observations:
• Sideways consolidation followed by bullish breakout
• Formation of higher highs & higher lows (uptrend structure)
• Strong bullish candles with follow-through buying
• Price sustaining above key moving averages
• Momentum indicators in strong bullish zone
🔑 Key Levels to Watch:
• Immediate Support: ₹355 – ₹340
• Major Support: ₹320 – ₹300
• Immediate Resistance: ₹380 – ₹400
🚀 Upside Targets:
• ₹400
• ₹430
• ₹460+
📉 Risk Scenario:
Breakdown below ₹340 may weaken momentum and lead to pullback towards ₹320
📈 Trading View:
👉 Stock is in strong uptrend with consistent buying interest
👉 Sustained move above ₹400 can trigger further rally
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊