PRAJ INDUSTRIES
- Stock facing strong fibonacci retracement resistance around 71.50, Chart indicates once Praj closes and stays above 71.50 then stock looking bullish for next few trading days. After that stock will find trend line resistance around 75 and 79 as shown in chart no1.
- Intarday close watch once stock starts trading above 71.50, if holds above then intraday bulls action is expecting.
- According to chart no2, Praj is trading above 20 DMA, as long as holds above stock will be favored by bulls.
- As per chart no3, Praj is also facing fibonacci arc resistance around 71.50. Once closes above 71.50 stock to favor bulls.
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