Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 30th Mar
Now THIS is a clean intraday + swing setup — exactly your 52 EMA style 🔥
PRAJIND
🧠 What’s happening in PRAJ Industries?
1. Tight Consolidation (Box Range)
Range: ₹300 – ₹335
Multiple touches on both sides
Price respecting EMAs (26 & 52)
👉 This is compression = energy build-up
2. EMA Structure (Your Edge)
26 EMA ≈ 312
52 EMA ≈ 311
Price = ₹318 (above both)
👉 This is important:
✔ Price holding above 52 EMA
✔ EMAs flattening → ready for expansion
3. Descending 225 EMA Resistance
Around ₹380–390
Acts as higher timeframe resistance
👉 So upside is open till that zone
🚀 Trade Opportunity
✅ Breakout Setup (High Probability)
Trigger:
Break above ₹335 (range high)
👉 Then:
Targets:
₹350 (quick move)
₹365
₹380 (major resistance / 225 EMA)
💡 Your arrow towards ₹360+ is perfectly logical.
❌ Failure Scenario
If price:
Fails at ₹335
Breaks below ₹300
👉 Then:
Move towards ₹285 possible
📊 Smart Execution Plan (Your Style)
🔹 Entry Strategy (52 EMA Based)
Aggressive: Enter near ₹315–320 (EMA support)
Safe: Breakout above ₹335
🔹 Stop Loss
Below ₹300 (structure break)
🔹 Best Setup (Pro Level)
👉 Wait for:
Breakout above 335
Small pullback to 330–335
Then entry
This gives:
✔ Low risk
✔ Confirmation
✔ Momentum