Stock Information Portal

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

Praj Industries Limited

Symbol: NSE:PRAJIND

ISIN: INE074A01025

792.55

As on 2024-12-06

448.00 (52W Low) 855.00 (52W High)

PRAJIND's Today's Performance

Praj Industries Limited started the day by opening at 798.00 today 2024-12-06. Its shares reached a high of 812.10 and dipped to a low of 790.10 in intraday. When the markets closed, PRAJIND’s stock price settled at ₹792.55 per share. Also check out its key support and resistance levels.

PRAJIND Buy/Sell Targets

Tomorrow, sell PRAJIND when its price reaches ₹ 792.55 with a stop-loss order at ₹ 806.80. You can set the target price as ₹ 778.30 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 1 806
Tomorrow Down Target 2 820
Tomorrow Down Target 3 828

Important Levels for PRAJIND

Holding Levels Value in ₹
Tomorrow Up Target 1 784
Tomorrow Up Target 2 776
Tomorrow Up Target 3 762
Based on where the stock opens tomorrow, if PRAJIND opens on a positive note, our first target will be ₹806. If Target 1 is achieved, we will aim for Target 2 which is ₹820.

But if PRAJIND falls below the average value of ₹798.25, you can enter a sell side position with target number 1 - ₹784 and second target - ₹776 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 Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for PRAJIND

PRAJIND's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish 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 trend may continue to be bearish since stock is making lower low and we can get target of ₹802 in morning tomorrow
Target 1 tomorrow807
Target 2 tomorrow812
Target 3 tomorrow820
 

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 ₹806.40. If Target 1 is achieved, we will aim for Target 2 which is ₹820.25.

But if PRAJIND falls below the average value of ₹798.25, you can enter a sell side position with target number 1 - ₹784.40 and second target - ₹776.25

PRAJIND's Weekly Targets
1st Up Target 835.57
2nd Up Target 878.58
1st Down Target 768.97
2nd Down Target 745.38

As the week for PRAJIND ended on bearish sentiments, we can expect further continuation of this sentiment. PRAJIND's initial target will be 835.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 768.97 in the upcoming week.

Weekly OHLC Values
Open 828.80
High 855.00
Low 788.40
Close 792.55

Week for PRAJIND started with an open price of 828.80, and the close was at 792.55. PRAJIND reached the highest of 855.00 and dipped lowest up to 788.40 last week. This indicates a bearish sentiment for the week.

PRAJIND full month swing targets
Monthly Up Target 1 902.17
Monthly Up Target 2 945.18
Monthly Down Target 1 702.37
Monthly Down Target 2 612.18

Targets of ₹902.17 can be expected to be reached in the coming month. Once PRAJIND achieved this target, we can aim for the next upside target of ₹945.18.

PRAJIND if fails to hold upside, down targets of ₹702.37 and ₹612.18 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.

Related Stocks in the Same Sector as PRAJIND

Symbol Name Industry
LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

PRAJIND is expected to reach the target of 806.40 in tomorrow's trading session.

After achieving the initial target in PRAJIND, we will aim for higher targets of 820.25 tomorrow.

However, if PRAJIND starts to trade below ₹798.25, then we will shift our focus to the sell side and aim for down targets of 784.40 and 776.25.