Market Trading Guide: Praj Industries, Five-Star Business are stock recommendations for Wednesday

Target Price: Rs 850

Stop Loss: Rs 792
On the daily time frame, PRAJIND surged 6.16% forming a bullish Marubozu Candle with this stock having broken out of a rectangle pattern , the stock closed near its day high, reflecting strong bullish sentiment, with the close near its one-month high indicating clear dominance by buyers. The decent volume supports this price action, suggesting heightened buying interest at the current market price from a momentum perspective, the RSI is positioned in the higher range, reinforcing the positive outlook.
(Drumil Vithlani, Technical Research Analyst, Bonanza)

Target Price: Rs 940
Stop Loss: Rs 873

Five Star Business has shown strong bullish momentum with a breakout from a 14-month rounding pattern, indicating sustained buying interest at higher levels. The breakout is supported by solid volume, confirming the bullish price action. Additionally, all major EMAs are trending upward, reinforcing the ongoing uptrend. The RSI, currently at 67, further strengthens the positive outlook for the stock in the near term.
(Drumil Vithlani, Technical Research Analyst, Bonanza)

Also Read: Bajaj Auto Q2 results preview: Robust volumes to drive revenue growth by up to 29% YoY. PAT may jump by up to 24%

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)