The short-term outlook is bullish for Praj Industries. The stock has formed a strong base around ₹300. The 9 per cent surge this week has taken the share price well above the 200-Day Moving Average (DMA). It also confirms that a bottom is in place and the trend has reversed. The 200-DMA at ₹359 will now be a good support. Below that next support is in the ₹350-₹340 region.
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Praj Industries share price can rise to ₹440 in the coming weeks. Traders can buy Praj Industries shares at ₹382. Accumulate on dips at ₹366. Keep the stop-loss at ₹344. Trail the stop-loss up to ₹388 as soon as the stock goes up to ₹396. Revise the stop-loss higher to ₹403 and ₹418 when the price touches ₹415 and ₹426 respectively. Exit the long positions at ₹435.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on April 23, 2026