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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 2024-03-05 View latest technical analysis

10 day averaged volume of Prakash Industries is 520426

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	169.30	173.70	175.20	168.10	0.844 times
04 Mon Mar 2024	173.85	182.90	183.50	173.00	0.989 times
02 Sat Mar 2024	181.40	175.90	182.90	174.00	0.307 times
01 Fri Mar 2024	174.60	174.00	177.00	171.40	0.851 times
29 Thu Feb 2024	172.60	167.10	174.90	165.55	1.115 times
28 Wed Feb 2024	166.25	177.35	177.95	164.40	1.634 times
27 Tue Feb 2024	175.30	180.55	181.50	174.75	1.176 times
26 Mon Feb 2024	180.55	183.00	189.95	179.50	0.98 times
23 Fri Feb 2024	183.00	185.95	186.65	182.20	0.774 times
22 Thu Feb 2024	184.05	185.95	187.20	181.10	0.92 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 172.6, but if it comes above 172.6, then a intra day buy could be more profitable.
If you take a sell trade below 172.6, then use 172.6 as stoploss and 161.5 as target. However if you take a buy trade in stock , then use 172.6 as stoploss and 181.84 as target.

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	168.10
Upside Target	172.10
Upside Target	180.50
Upside Target	189.95
Upside Target	198.00
Upside Target	201.00
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	163.77
Downside Intraday Target	158.23
Upside Intraday Target	179.17
Upside Intraday Target	189.03
Upside Intraday Target	173.63

Weekly technical analysis of Prakash Industries (PRAKASH)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	169.30	182.90	183.50	168.10	0.302 times
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

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
05 Tue Mar 2024	169.30	174.00	183.50	168.10	0.101 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 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 Prakash Industries (PRAKASH)

Price action analysis of Prakash Industries ( (PRAKASH) ) based on a short 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 Prakash Industries ( (PRAKASH) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Prakash Industries in short term and the sell signal is strong.

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 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 Prakash Industries 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 174.9 and Prakash Industries (PRAKASH) stock is trading below this level. This means that stock is falling with high volumes. 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.