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CA Omkar Bhutada - SEBI Reg IA

30th Mar · SEBI-Registered Analyst

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

#TechnicalViews#FundamentalViews#WatchOutFor#Today’sTradingSetup#StockInNews
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