Traders call: Buy Praj Industries for target of Rs 68

MUMBAI: Arihant Capital Markets has advised traders to buy Praj Industries for target of Rs 68 by keeping a stoploss of Rs 70.

���The 14 days Moving Average of Praj Industries is at support of Rs 58. On the daily charts, the stock is in buy in Stochastics and its 14-days RSI is currently at 71 (above 50 is consider to be in strong hands). Praj Industries is looking good on daily chart as it has formed a trend reversal pattern on daily chart. One can buy the stock at Rs 76.60 with closing below stop loss of Rs 70 for a target price of Rs 68,��� the Arihant Capital Markets note said.