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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 2024-03-06 View latest technical analysis

10 day averaged volume of Prajay Eng is 53133

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	25.00	25.05	25.05	25.00	10.411 times
05 Tue Mar 2024	24.60	24.60	24.60	24.60	2.818 times
04 Mon Mar 2024	24.15	24.15	24.15	24.15	1.685 times
02 Sat Mar 2024	23.70	23.70	23.70	23.70	0.055 times
01 Fri Mar 2024	23.25	23.25	23.25	23.25	1.142 times
29 Thu Feb 2024	22.80	22.80	22.80	22.80	0.156 times
28 Wed Feb 2024	23.25	23.25	23.25	23.25	0.185 times
27 Tue Feb 2024	23.70	24.00	24.20	23.70	1.23 times
26 Mon Feb 2024	24.15	24.65	24.65	24.15	0.372 times
23 Fri Feb 2024	24.65	24.60	24.65	24.60	1.984 times

Stock of Prajay Eng (PRAENG_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 24.9, but if it comes below 24.9, then a intra day sell could be more profitable.
If you take a sell trade below 24.9, then use 24.9 as stoploss and 23.68 as target. However if you take a buy trade in stock , then use 24.9 as stoploss and 26.3 as target.

Share price targets for Prajay Eng (PRAENG_BE)

Target Type	Value
Downside Target	16.60
Downside Target	19.85
Downside Target	20.80
Downside Target	21.30
Downside Target	22.80
Downside Target	24.15
Downside Target	24.65
Upside Target	25.05
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	24.42
Downside Intraday Target	23.83
Upside Intraday Target	25.32
Upside Intraday Target	25.63
Downside Intraday Target	24.73

Weekly technical analysis of Prajay Eng (PRAENG_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	25.00	24.15	25.05	24.15	4.749 times
02 Sat Mar 2024	23.70	24.65	24.65	22.80	0.17 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

Price has moved up 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
06 Wed Mar 2024	25.00	23.25	25.05	23.25	0.283 times
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

Scroll below to view daily charts

Price has moved up 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Prajay Eng ( (PRAENG_BE) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Prajay Eng in short term and the buy signal is strong.

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

Prajay Eng Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 and BUY signal is strong.

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 24.61 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 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 positive

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