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Price and trend forecast of PRAJIND for Tomorrow, Weekly, Monthly

Praj Industries Limited

Symbol: NSE:PRAJIND

ISIN: INE074A01025

739.95

As on 2025-01-22

448.00 (52W Low) 875.00 (52W High)

PRAJIND's Today's Performance

Praj Industries Limited started the day by opening at 764.00 today 2025-01-22. Its shares reached a high of 765.55 and dipped to a low of 724.00 in intraday. When the markets closed, PRAJIND’s stock price settled at ₹739.95 per share. Also check out its key support and resistance levels.

PRAJIND Buy/Sell Targets

Tomorrow, sell PRAJIND when its price reaches ₹ 739.95 with a stop-loss order at ₹ 758.18. You can set the target price as ₹ 721.72 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of PRAJIND for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for PRAJIND

Downside Targets Value in ₹
Tomorrow Down Target 1 762
Tomorrow Down Target 2 785
Tomorrow Down Target 3 804

Important Levels for PRAJIND

Holding Levels Value in ₹
Tomorrow Up Target 1 721
Tomorrow Up Target 2 702
Tomorrow Up Target 3 679
Based on where the stock opens tomorrow, if PRAJIND opens on a positive note, our first target will be ₹762. If Target 1 is achieved, we will aim for Target 2 which is ₹785.

But if PRAJIND falls below the average value of ₹743.17, you can enter a sell side position with target number 1 - ₹721 and second target - ₹702 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of PRAJIND

Looking at PRAJIND, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, PRAJIND has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for PRAJIND is moderate bullish.

Tomorrow's Volume based share price Forecast for PRAJIND

PRAJIND's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 12%.

Reversal detection for PRAJIND

Predicted trend chart of PRAJIND tomorrow for price forecast
PRAJIND may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹777 in morning tomorrow
Target 1 tomorrow759
Target 2 tomorrow769
Target 3 tomorrow785
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with PRAJIND's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if PRAJIND opens on a positive note, our first target will be ₹762.33. If Target 1 is achieved, we will aim for Target 2 which is ₹784.72.

But if PRAJIND falls below the average value of ₹743.17, you can enter a sell side position with target number 1 - ₹720.78 and second target - ₹701.62

PRAJIND's Weekly Targets
1st Up Target 789.97
2nd Up Target 839.98
1st Down Target 706.97
2nd Down Target 673.98

As the week for PRAJIND ended on bearish sentiments, we can expect further continuation of this sentiment. PRAJIND's initial target will be 789.97 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 706.97 in the upcoming week.

Weekly OHLC Values
Open 798.55
High 807.00
Low 724.00
Close 739.95

Week for PRAJIND started with an open price of 798.55, and the close was at 739.95. PRAJIND reached the highest of 807.00 and dipped lowest up to 724.00 last week. This indicates a bearish sentiment for the week.

PRAJIND full month swing targets
Monthly Up Target 1 872.97
Monthly Up Target 2 922.98
Monthly Down Target 1 623.97
Monthly Down Target 2 507.98

Targets of ₹872.97 can be expected to be reached in the coming month. Once PRAJIND achieved this target, we can aim for the next upside target of ₹922.98.

PRAJIND if fails to hold upside, down targets of ₹623.97 and ₹507.98 can be achieved by end of this month.

For complete three weeks if PRAJIND is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

PRAJIND is expected to reach the target of 762.33 in tomorrow's trading session.

After achieving the initial target in PRAJIND, we will aim for higher targets of 784.72 tomorrow.

However, if PRAJIND starts to trade below ₹743.17, then we will shift our focus to the sell side and aim for down targets of 720.78 and 701.62.