Sensex, Nifty, Share Prices LIVE: 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.