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(PRAENG_BE) Prajay Eng complete technical analysis [charts+indicators] | Buy/Sell Prajay Eng | (PRAENG_BE) share price targets

Complete technical analysis of Prajay Eng (PRAENG_BE) by charts plus indicators, forecast predictions and share price targets for Prajay Eng (PRAENG_BE)

Showing technical analysis as on 2024-02-16 View latest technical analysis

10 day averaged volume of Prajay Eng is 174768

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	23.10	23.30	23.95	22.25	0.875 times
15 Thu Feb 2024	22.95	21.10	22.95	21.10	2.336 times
14 Wed Feb 2024	21.90	19.85	21.90	19.85	3.37 times
13 Tue Feb 2024	20.90	21.45	21.85	20.90	0.432 times
12 Mon Feb 2024	22.00	24.30	24.30	22.00	1.652 times
09 Fri Feb 2024	23.15	23.15	23.15	23.15	0.129 times
08 Thu Feb 2024	23.60	23.75	23.75	23.60	0.224 times
07 Wed Feb 2024	24.05	24.55	25.00	24.05	0.372 times
06 Tue Feb 2024	24.55	25.40	25.40	24.50	0.649 times
05 Mon Feb 2024	24.95	24.95	24.95	24.95	0.226 times

My analysis of stock is bullish for shortterm, and stock might move up till 24.1 or till 25.3. Use a stoploss of 23.09 and if this stock hits its stoploss, then it can fall down till 22.08

Share price targets for Prajay Eng (PRAENG_BE)

Target Type	Value
Downside Target	16.60
Downside Target	17.90
Downside Target	19.85
Downside Target	20.80
Downside Target	21.30
Downside Target	22.70
Upside Target	23.25
Upside Target	24.30
Upside Target	24.50
Upside Target	25.10
Upside Target	25.40
Upside Target	26.10

Intraday share price targets for Prajay Eng (PRAENG_BE)

Target Type	Value
Downside Intraday Target	20.53
Downside Intraday Target	17.97
Upside Intraday Target	24.98
Upside Intraday Target	26.87
Downside Intraday Target	22.42

Weekly technical analysis of Prajay Eng (PRAENG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	23.10	24.30	24.30	19.85	5.417 times
09 Fri Feb 2024	23.15	24.95	25.40	23.15	0.973 times
02 Fri Feb 2024	24.50	22.70	24.50	22.70	0.512 times
25 Thu Jan 2024	22.30	22.80	22.80	21.90	1.948 times
19 Fri Jan 2024	23.25	25.10	25.10	23.25	0.457 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Prajay Eng (PRAENG_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	23.10	24.05	25.40	19.85	0.861 times
31 Wed Jan 2024	23.60	21.30	26.10	21.30	1.037 times
29 Fri Dec 2023	20.80	17.05	20.80	16.60	0.609 times
30 Thu Nov 2023	17.05	18.05	21.60	16.70	2.01 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Prajay Eng (PRAENG_BE)

Price action analysis of Prajay Eng ( (PRAENG_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Prajay Eng ( (PRAENG_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Prajay Eng ( (PRAENG_BE) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Prajay Eng stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Prajay Eng in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Prajay Eng Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Prajay Eng in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Prajay Eng is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.58 and Prajay Eng (PRAENG_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Prajay Eng (PRAENG_BE) stock. Volume based technical analysis of Prajay Eng (PRAENG_BE) stock is negative.

Prajay Eng Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.