Praj Industries has finished its downtrend. Its out of the down trend channel and has formed a narrow range uptrend. The ADX chart peaked out at 41 and now closed at 39.83 which shows that the downtrend is over. With that the MACD line has also shown a U-turn and started to move upwards. Disclosure: I hold this stock in my portfolio.
I agree with you on that count.
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