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(PRAKASH) Prakash Industries complete technical analysis [charts+indicators] | Buy/Sell Prakash Industries | (PRAKASH) share price targets

Complete technical analysis of Prakash Industries (PRAKASH) by charts plus indicators, forecast predictions and share price targets for Prakash Industries (PRAKASH)

Prakash Industries trades in NSE in Iron & Steel sector.

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Prakash Industries is 633540

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	181.40	175.90	182.90	174.00	0.252 times
01 Fri Mar 2024	174.60	174.00	177.00	171.40	0.699 times
29 Thu Feb 2024	172.60	167.10	174.90	165.55	0.916 times
28 Wed Feb 2024	166.25	177.35	177.95	164.40	1.342 times
27 Tue Feb 2024	175.30	180.55	181.50	174.75	0.966 times
26 Mon Feb 2024	180.55	183.00	189.95	179.50	0.805 times
23 Fri Feb 2024	183.00	185.95	186.65	182.20	0.636 times
22 Thu Feb 2024	184.05	185.95	187.20	181.10	0.755 times
21 Wed Feb 2024	184.20	187.05	187.50	180.50	1.03 times
20 Tue Feb 2024	186.30	192.00	192.00	185.60	1.042 times

My analysis of stock is bearish for shortterm, and stock might move down till 173.8 or till 159.5. Use a stoploss of 185.75 and if the stock hits stoploss, then it can shoot up till 197.69

Share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Target	115.00
Downside Target	135.70
Downside Target	144.80
Downside Target	164.40
Downside Target	171.40
Downside Target	180.50
Upside Target	189.95
Upside Target	198.00
Upside Target	202.25
Upside Target	203.00
Upside Target	219.80
Upside Target	223.00
Upside Target	223.60

Intraday share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Intraday Target	167.22
Downside Intraday Target	153.03
Upside Intraday Target	192.77
Upside Intraday Target	204.13
Downside Intraday Target	178.58

Weekly technical analysis of Prakash Industries (PRAKASH)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	181.40	183.00	189.95	164.40	0.945 times
23 Fri Feb 2024	183.00	198.00	198.00	180.50	1.039 times
16 Fri Feb 2024	183.55	199.85	201.00	172.10	0.756 times
09 Fri Feb 2024	201.85	215.55	223.00	190.70	0.911 times
02 Fri Feb 2024	213.85	209.70	223.60	202.25	1.769 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 Prakash Industries (PRAKASH)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	181.40	174.00	182.90	171.40	0.039 times
29 Thu Feb 2024	172.60	211.00	223.60	164.40	2.944 times
31 Wed Jan 2024	209.25	186.05	219.80	181.05	0.122 times
19 Thu Oct 2023	193.55	143.10	203.00	135.70	1.145 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 Prakash Industries (PRAKASH)

Price action analysis of Prakash Industries ( (PRAKASH) ) 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 Prakash Industries ( (PRAKASH) ) 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 Prakash Industries ( (PRAKASH) ) 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 Prakash Industries ( (PRAKASH) ) 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 Prakash Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Prakash Industries 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.

Prakash Industries 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Prakash Industries in short term but BUY signal is weak.

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

MRSI is in negative zone. This is the SELL zone

Stock of Prakash Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 178 and Prakash Industries (PRAKASH) 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 Prakash Industries (PRAKASH) stock. Volume based technical analysis of Prakash Industries (PRAKASH) stock is negative.

Prakash Industries 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.