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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 2024-09-13 View latest technical analysis

10 day averaged volume of Prakash Industries is 2305693

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	197.38	200.00	202.75	195.79	0.537 times
12 Thu Sep 2024	198.54	195.19	203.34	190.80	1.988 times
11 Wed Sep 2024	192.51	223.00	224.89	183.72	4.396 times
10 Tue Sep 2024	218.79	212.80	220.00	212.22	0.508 times
09 Mon Sep 2024	211.46	209.91	213.20	205.50	0.326 times
06 Fri Sep 2024	210.99	220.82	221.80	209.50	0.486 times
05 Thu Sep 2024	219.85	220.50	224.72	218.41	0.453 times
04 Wed Sep 2024	218.63	214.00	221.70	212.50	0.406 times
03 Tue Sep 2024	216.42	220.00	220.90	215.00	0.334 times
02 Mon Sep 2024	219.88	222.20	223.79	215.19	0.662 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 201.3, but if it comes above 201.3, then a intra day buy could be more profitable.
If you take a sell trade below 201.3, then use 201.3 as stoploss and 187.5 as target. However if you take a buy trade in stock , then use 201.3 as stoploss and 212.74 as target.

Share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Target	138.00
Downside Target	150.65
Downside Target	169.14
Downside Target	173.00
Downside Target	179.45
Downside Target	183.72
Downside Target	196.66
Upside Target	209.50
Upside Target	216.45
Upside Target	224.72
Upside Target	224.89
Upside Target	237.00

Intraday share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Intraday Target	179.1
Downside Intraday Target	160.83
Upside Intraday Target	220.27
Upside Intraday Target	243.17
Upside Intraday Target	202

Weekly technical analysis of Prakash Industries (PRAKASH)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	197.38	209.91	224.89	183.72	3.314 times
06 Fri Sep 2024	210.99	222.20	224.72	209.50	0.292 times
30 Fri Aug 2024	221.09	210.70	237.00	210.00	1.269 times
23 Fri Aug 2024	208.32	186.40	216.45	186.40	3.84 times
16 Fri Aug 2024	185.68	178.98	187.99	173.00	1.007 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 Prakash Industries (PRAKASH)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	197.38	222.20	224.89	183.72	0.547 times
30 Fri Aug 2024	221.09	195.61	237.00	169.14	1.251 times
31 Wed Jul 2024	195.28	184.05	212.00	175.55	1.841 times
28 Fri Jun 2024	183.94	165.55	196.66	138.00	1.642 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 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 Strong and stock is gaining momentum.

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

Prakash Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 buy signal for Prakash Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 201.64 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 positive

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