Price and trend forecast of PRAJIND for Tomorrow, Weekly, Monthly
Praj Industries Limited
Symbol: NSE:PRAJIND
ISIN: INE074A01025
699.85
As on 2024-07-26
PRAJIND's Today's Performance
Praj Industries Limited started the day by opening at 709.00 today 2024-07-26. Its shares reached a high of 716.45 and dipped to a low of 696.00 in intraday. When the markets closed, PRAJIND’s stock price settled at ₹699.85 per share. Also check out its key support and resistance levels.
PRAJIND Buy/Sell Targets
Tomorrow, sell PRAJIND when its price reaches ₹ 699.85 with a stop-loss order at ₹ 710.63. You can set the target price as ₹ 689.08 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 | 712 |
| Tomorrow Down Target 2 | 725 |
| Tomorrow Down Target 3 | 733 |
Important Levels for PRAJIND
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 692 |
| Tomorrow Up Target 2 | 684 |
| Tomorrow Up Target 3 | 671 |
Based on where the stock opens tomorrow, if PRAJIND opens on a positive note, our first target will be ₹712. If Target 1 is achieved, we will aim for Target 2 which is ₹725.
But if PRAJIND falls below the average value of ₹704.10, you can enter a sell side position with target number 1 - ₹692 and second target - ₹684 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
PRAJIND may trend may continue to be bearish since stock is making lower low and we can get target of ₹712 in morning tomorrow
| Target 1 tomorrow | 712 |
| Target 2 tomorrow | 717 |
| Target 3 tomorrow | 725 |
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 ₹712.20. If Target 1 is achieved, we will aim for Target 2 which is ₹724.55.
But if PRAJIND falls below the average value of ₹704.10, you can enter a sell side position with target number 1 - ₹691.75 and second target - ₹683.65
PRAJIND's Weekly Targets
| 1st Up Target | 730.43 |
| 2nd Up Target | 761.02 |
| 1st Down Target | 663.63 |
| 2nd Down Target | 627.42 |
As the week for PRAJIND ended on bullish sentiments, we can expect further continuation of this sentiment. PRAJIND's initial target will be 730.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 663.63 in the upcoming week.
Weekly OHLC Values
| Open | 685.80 |
| High | 724.80 |
| Low | 658.00 |
| Close | 699.85 |
Week for PRAJIND started with an open price of 685.80, and the close was at 699.85. PRAJIND reached the highest of 724.80 and dipped lowest up to 658.00 last week. This indicates a bullish sentiment for the week.
PRAJIND full month swing targets
| Monthly Up Target 1 | 797.23 |
| Monthly Up Target 2 | 827.82 |
| Monthly Down Target 1 | 596.83 |
| Monthly Down Target 2 | 493.82 |
Targets of ₹797.23 can be expected to be reached in the coming month. Once PRAJIND achieved this target, we can aim for the next upside target of ₹827.82.
PRAJIND if fails to hold upside, down targets of ₹596.83 and ₹493.82 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 712.20 in tomorrow's trading session.
After achieving the initial target in PRAJIND, we will aim for higher targets of 724.55 tomorrow.
However, if PRAJIND starts to trade below ₹704.10, then we will shift our focus to the sell side and aim for down targets of 691.75 and 683.65.