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Technicals for Praj Industries Limited
By MusingTheNews
2025-10-17 20:51
Overall Technical outlook
Price Summary
On 2025-10-17, Praj Industries Limited's stock began at 342.0, peaked at 342.7, bottomed at 337.0, and closed -0.91% down at 338.9, with a volume of 485069 shares. During the past 52 weeks, the highest stock price was 844.6, and the lowest was 329.95.
Technicals
Support and Resistance: The price currently sits at 338.9, finding support at 335.2 and resistance at 391.3. These levels define a range for Praj Industries Limited where the price may move, with 335.2 offering a base and 391.3 limiting upward momentum. Support/Resistance for PRAJIND
Aroon: The AROON is in a neutral stance for PRAJIND, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Aroon chart for Praj Industries Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Bolinger Bands chart for Praj Industries Limited
Parabolic SAR: The PSAR remains in a bearish mode, establishing a resistance level that could hinder any attempts at upward movement for PRAJIND. This resistance reinforces the bearish sentiment, indicating that the market may continue to face challenges in pushing higher. Parabolic Stop and Reverse chart for Praj Industries Limited
Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Stochastic chart for Praj Industries Limited
Tripple Moving Agerage: The 20-50-100 period moving averages suggest a bullish trend, though the weakening slopes of the shorter-term averages raise concerns about a potential reversal. While the overall momentum is still upward, the indications from the faster averages suggest that the trend might be nearing its end, warranting caution. Tripple SMA chart for Praj Industries Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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