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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 2024-12-19 View latest technical analysis

10 day averaged volume of Prakash Industries is 959162

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	167.37	166.60	167.98	165.00	0.34 times
18 Wed Dec 2024	168.83	171.99	172.20	167.99	0.538 times
17 Tue Dec 2024	172.27	175.45	175.45	171.25	0.313 times
16 Mon Dec 2024	175.03	175.49	180.66	174.35	0.706 times
13 Fri Dec 2024	174.87	177.65	177.65	171.68	0.751 times
12 Thu Dec 2024	178.42	181.54	182.50	178.00	0.976 times
11 Wed Dec 2024	180.88	176.20	183.55	176.20	2.211 times
10 Tue Dec 2024	175.60	170.90	176.72	168.52	2.338 times
09 Mon Dec 2024	169.38	171.00	172.30	168.71	0.806 times
06 Fri Dec 2024	170.89	170.45	173.16	170.00	0.816 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 166.3 as stoploss in an intra day buy trade for a target of 170.59. However, stock will show a bearish move below 166.3.

Share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Target	147.90
Downside Target	159.05
Downside Target	165.00
Upside Target	173.16
Upside Target	175.20
Upside Target	178.48
Upside Target	180.66
Upside Target	183.55
Upside Target	184.40
Upside Target	224.89
Upside Target	237.00

Intraday share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Intraday Target	161.36
Downside Intraday Target	155.35
Upside Intraday Target	177.02
Upside Intraday Target	186.67
Upside Intraday Target	171.01

Weekly technical analysis of Prakash Industries (PRAKASH)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	167.37	175.49	180.66	165.00	0.268 times
13 Fri Dec 2024	174.87	171.00	183.55	168.52	1.42 times
06 Fri Dec 2024	170.89	168.40	173.16	165.91	1.418 times
29 Fri Nov 2024	167.41	171.90	175.20	165.10	1.891 times
22 Fri Nov 2024	162.71	169.90	174.30	159.05	0.416 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
19 Thu Dec 2024	167.37	168.40	183.55	165.00	1.083 times
29 Fri Nov 2024	167.41	168.00	178.48	159.05	0.903 times
31 Thu Oct 2024	166.83	182.35	184.40	147.90	0.383 times
30 Mon Sep 2024	181.96	222.20	224.89	174.50	0.84 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Prakash Industries ( (PRAKASH) ) 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 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 Weak 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 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 positive zone. This is a BUY 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 175.31 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.