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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 2024-10-29 View latest technical analysis

10 day averaged volume of Prakash Industries is 593524

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	154.81	152.50	155.92	149.70	1.147 times
28 Mon Oct 2024	153.84	151.91	157.04	147.90	1.171 times
25 Fri Oct 2024	151.92	158.00	158.00	150.50	1.914 times
24 Thu Oct 2024	156.56	160.20	161.50	156.05	0.857 times
23 Wed Oct 2024	161.13	156.90	162.55	152.96	0.924 times
22 Tue Oct 2024	156.15	166.92	167.12	155.01	1.629 times
21 Mon Oct 2024	166.92	168.90	170.04	166.00	0.999 times
18 Fri Oct 2024	168.07	167.43	170.95	165.01	0.687 times
17 Thu Oct 2024	168.02	171.00	172.00	165.91	0.705 times
16 Wed Oct 2024	170.58	168.81	171.20	168.05	0.597 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 158.3, but if it comes above 158.3, then a intra day buy could be more profitable.
If you take a sell trade below 158.3, then use 158.3 as stoploss and 148.8 as target. However if you take a buy trade in stock , then use 158.3 as stoploss and 166.27 as target.

Share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Target	138.00
Downside Target	147.90
Upside Target	157.04
Upside Target	161.60
Upside Target	165.01
Upside Target	169.14
Upside Target	177.63
Upside Target	184.40
Upside Target	196.66
Upside Target	212.00
Upside Target	224.89
Upside Target	237.00

Intraday share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Intraday Target	149.46
Downside Intraday Target	144.11
Upside Intraday Target	158.6
Upside Intraday Target	162.39
Downside Intraday Target	153.25

Weekly technical analysis of Prakash Industries (PRAKASH)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	154.81	151.91	157.04	147.90	0.366 times
25 Fri Oct 2024	151.92	168.90	170.04	150.50	1.909 times
18 Fri Oct 2024	168.07	170.45	173.30	165.01	0.61 times
11 Fri Oct 2024	169.26	176.00	177.63	161.60	0.968 times
04 Fri Oct 2024	175.52	180.00	184.40	170.00	0.761 times

Price has moved up 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
29 Tue Oct 2024	154.81	182.35	184.40	147.90	0.35 times
30 Mon Sep 2024	181.96	222.20	224.89	174.50	0.84 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 158.84 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.