Buy Praj Industries Ltd For Target Rs.445 - Religare Broking
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Derivative Ideas
PRAJIND gained 1.49% and closed at 422.85 on 31st Jan. After the breakout from the inverted H&S pattern at 380 levels, the counter has been consolidating in a range of 415-430 for some time now. Trading above its important Moving Averages, the stock is poised to test 450 level. We recommend to go Long in PRAJIND.
Strategy:- BUY PRAJIND @ 416-420, SLOSS AT 402, TRGT 445.
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