Stock Market Update: Today's Recommended Buy - Praj Industries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 39 minutes ago
0mins
Source: Business Line
Short-term outlook: The short-term outlook for Praj Industries is bullish, with the stock forming a strong base around ₹300.
Recent performance: A 9 percent surge this week has pushed the share price well above the 200-day moving average (DMA).
Market trend: The trend has reversed, confirming that a bottom is in place for the stock.
Support levels: The 200-DMA at ₹359 is now a good support level, with the next support range identified between ₹350 and ₹340.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
