Praj Industries Ltd has achieved a brand new all-time excessive, marking a major milestone with one among its strongest closings previously 52 weeks.
The bulls showcased their dominance, overcoming intraday promoting stress to shut with a strong optimistic candle.
The formation of a robust green-bodied candle displays heightened shopping for curiosity, additional strengthened by elevated buying and selling volumes, indicating sustained demand for the inventory.
On the momentum entrance, the Relative Energy Index (RSI) buying and selling above its transferring common confirms the presence of robust upward momentum, suggesting the potential for this bullish development to proceed within the close to time period.
(Disclaimer: Suggestions, recommendations, views, and opinions given by consultants are their very own. These don’t symbolize the views of the Financial Occasions)
