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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.

10 day averaged volume of Prakash Industries is 483779

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	164.10	163.65	167.45	161.20	0.859 times
18 Thu Apr 2024	167.30	169.80	172.05	166.70	0.79 times
16 Tue Apr 2024	168.20	165.00	172.70	165.00	0.631 times
15 Mon Apr 2024	167.80	162.55	171.55	162.55	1.382 times
12 Fri Apr 2024	174.80	174.00	175.25	169.35	1.202 times
10 Wed Apr 2024	174.35	173.75	176.30	172.75	0.836 times
09 Tue Apr 2024	173.65	177.75	179.50	171.35	0.794 times
08 Mon Apr 2024	177.50	178.90	181.50	174.00	0.929 times
05 Fri Apr 2024	177.25	182.90	182.90	176.50	0.944 times
04 Thu Apr 2024	181.95	180.80	184.00	178.00	1.109 times

My analysis of stock is bearish for shortterm, and stock might move down till 155.6 or till 141.9. Use a stoploss of 167.08 and if the stock hits stoploss, then it can shoot up till 178.51

Share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Target	128.15
Downside Target	135.70
Downside Target	140.40
Downside Target	158.65
Upside Target	181.05
Upside Target	181.50
Upside Target	183.50
Upside Target	184.00
Upside Target	203.00
Upside Target	219.80
Upside Target	223.60

Intraday share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Intraday Target	159.3
Downside Intraday Target	154.5
Upside Intraday Target	170.8
Upside Intraday Target	177.5
Upside Intraday Target	166

Weekly technical analysis of Prakash Industries (PRAKASH)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	164.10	162.55	172.70	161.20	0.974 times
12 Fri Apr 2024	174.80	178.90	181.50	169.35	0.592 times
05 Fri Apr 2024	177.25	166.50	184.00	166.45	1.196 times
28 Thu Mar 2024	166.25	165.00	173.95	158.65	0.572 times
22 Fri Mar 2024	165.45	150.05	170.30	140.40	0.614 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 Fri Apr 2024	164.10	166.50	184.00	161.20	0.389 times
28 Thu Mar 2024	166.25	174.00	183.50	128.15	1.111 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

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 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 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 SELL signal for Prakash Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 172.95 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.