April 10, 2011

PRAJ INDUSTRIES In a channel

  • Weekly chart of Praj Industries Ltd is moving in a descending channel pattern.
  • Price has hit the first resistance line shown in weekly chart. It may get resisted here and start moving down from here. Breakout from the First resistance line can take this stock to the Next resistance line at 89 - 90 level.
  • Getting resisted here means a correction towards 63 level approximately.
  • CRUDE OIL CHART

No comments:

Post a Comment