Prakash industries is a cyclical stock with prices swinging from 10x from the lowest price to falling again by 90% from the highest price. The stock is in constant momentum after pandemic crash/correction in markets. Looking at volume and correlating it with historical data, the chances of stock staying bullish are more than the chances of it being bearish. Also, the business has started to pick pace after heavily hit by the pandemic. If we look at the sectoral picture, the steel sector rose in markets like crazy, and now is in a small consolidation. If you enter for a trade-in this script, I would advise you to go wisely. Do not put money and forget. This is a cautious trade that poses a good magnitude of risk. But here Risk: reward is still crazy good.
They say risk and reward go hand to hand.
They say risk and reward go hand to hand.
