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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 2024-02-29 View latest technical analysis

10 day averaged volume of Prajay Eng is 163785

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	22.80	22.80	22.80	22.80	0.05 times
28 Wed Feb 2024	23.25	23.25	23.25	23.25	0.06 times
27 Tue Feb 2024	23.70	24.00	24.20	23.70	0.399 times
26 Mon Feb 2024	24.15	24.65	24.65	24.15	0.121 times
23 Fri Feb 2024	24.65	24.60	24.65	24.60	0.644 times
22 Thu Feb 2024	25.10	25.10	25.10	25.10	0.121 times
21 Wed Feb 2024	25.60	26.55	26.60	24.20	1.372 times
20 Tue Feb 2024	25.45	25.00	25.45	25.00	2.128 times
19 Mon Feb 2024	24.25	24.25	24.25	23.10	1.728 times
16 Fri Feb 2024	23.10	23.30	23.95	22.25	0.934 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 22.5 as stoploss in an intra day buy trade for a target of 23.73. However, stock will show a bearish move below 22.5.

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	24.30
Upside Target	24.50
Upside Target	24.65
Upside Target	25.40
Upside Target	26.10
Upside Target	26.60

Intraday share price targets for Prajay Eng (PRAENG_BE)

Target Type	Value
Downside Intraday Target	22.18
Downside Intraday Target	21.57
Upside Intraday Target	24.03
Upside Intraday Target	25.27
Upside Intraday Target	23.42

Weekly technical analysis of Prajay Eng (PRAENG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	22.80	24.65	24.65	22.80	0.105 times
23 Fri Feb 2024	24.65	24.25	26.60	23.10	0.648 times
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

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

Monthly technical analysis of Prajay Eng (PRAENG_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	22.80	24.05	26.60	19.85	1.341 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 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 short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Prajay Eng ( (PRAENG_BE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Prajay Eng stock for short term is SELL. 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.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Prajay Eng in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 24.69 and Prajay Eng (PRAENG_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.