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Monday, June 22, 2009

Short Term View on Praj Industries

Praj Industries formed ABCD pattern in daily charts. It took support from the Peak of the Automatic rally and the trend line support. Below Rs.85 levels it may give good shorting opportunity, it may go to Rs.74 as the first target and Rs.62 as the second target.

Below is the daily chart of Praj Industries.

 

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