PRAJIND - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.2

🧪 Intraday Trading Analysis for PRAJIND (Praj Industries)

📊 Technical & Momentum Overview

Current Price: ₹392 — hovering just above its recent low of ₹388, well below 50 DMA (₹430) and 200 DMA (₹520), indicating a strong downtrend.

RSI at 35.9: Approaching oversold territory — may attract short-term bounce traders.

MACD at -12.8: Deeply negative, confirming bearish momentum.

Volume: 6.09L vs 6.93L average — slightly below average, suggesting subdued interest.

📈 Fundamental Snapshot

P/E of 37.4 vs Industry PE of 37.5: Fairly valued.

Strong ROCE (23.6%) & ROE (18.2%): Solid long-term efficiency.

Quarterly PAT Drop: ₹59 Cr → ₹20 Cr — steep decline, weighing on sentiment.

Institutional Activity: FII (-0.30%) and DII (-2.08%) reduced holdings — bearish signal.

Debt-to-Equity (0.03): Excellent financial structure.

PEG Ratio of 2.49: Slightly expensive relative to growth.

🎯 Intraday Strategy

✅ Optimal Buy Price

Buy Zone: ₹388–₹392

Entry near support with tight stop-loss; only if RSI stabilizes and MACD flattens.

💰 Profit-Taking Levels

Target 1: ₹398 (minor resistance)

Target 2: ₹405 (next resistance zone)

Aggressive Target: ₹412+ only if RSI crosses 40 and MACD shows signs of reversal

🛡️ Stop-Loss

Stop-Loss Level: ₹384

Breach below this level signals breakdown risk and invalidates intraday setup.

🕒 Exit Strategy If Already Holding Today

Exit on Strength

If price nears ₹405–₹412 and RSI rises above 40 with volume surge, consider booking profits.

Exit on Weakness

If MACD continues to decline and price fails to hold ₹388, exit to avoid deeper downside.

Volume drop below 5.5L with price rejection at ₹398 is a strong exit signal.

PRAJIND presents a weak technical setup but may offer short-term bounce opportunities if support holds. Best suited for cautious scalping with strict risk control. Let me know if you'd like to track this live or compare with other industrial stocks showing stronger momentum.

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