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(PRAKASHSTL) Prakash Steelage complete technical analysis [charts+indicators] | Buy/Sell Prakash Steelage | (PRAKASHSTL) share price targets

Complete technical analysis of Prakash Steelage (PRAKASHSTL) by charts plus indicators, forecast predictions and share price targets for Prakash Steelage (PRAKASHSTL)

Prakash Steelage trades in NSE in Construction & Engineering sector.

Showing technical analysis as on 2024-10-08 View latest technical analysis

10 day averaged volume of Prakash Steelage is 891774

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	9.03	8.36	9.19	8.12	0.901 times
07 Mon Oct 2024	8.36	8.83	9.14	8.32	0.938 times
04 Fri Oct 2024	8.76	8.77	8.99	8.60	0.602 times
03 Thu Oct 2024	8.90	9.36	9.36	8.86	1.092 times
01 Tue Oct 2024	9.33	9.60	9.62	9.17	2.749 times
30 Mon Sep 2024	9.17	9.00	9.31	8.85	1.132 times
27 Fri Sep 2024	8.87	9.08	9.14	8.80	0.61 times
26 Thu Sep 2024	8.84	8.95	9.10	8.75	0.623 times
25 Wed Sep 2024	8.81	9.04	9.08	8.71	0.684 times
24 Tue Sep 2024	8.90	9.15	9.15	8.85	0.912 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 8.6 as stoploss in an intra day buy trade for a target of 9.8. However, stock will show a bearish move below 8.6.

Share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Target	4.35
Downside Target	6.85
Downside Target	7.30
Downside Target	8.12
Downside Target	8.60
Upside Target	9.19
Upside Target	9.62
Upside Target	9.65
Upside Target	10.35
Upside Target	12.20
Upside Target	12.30
Upside Target	12.80

Intraday share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Intraday Target	8.37
Downside Intraday Target	7.71
Upside Intraday Target	9.44
Upside Intraday Target	9.85
Downside Intraday Target	8.78

Weekly technical analysis of Prakash Steelage (PRAKASHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	9.03	8.83	9.19	8.12	0.33 times
04 Fri Oct 2024	8.76	9.00	9.62	8.60	1.599 times
27 Fri Sep 2024	8.87	9.36	9.36	8.71	1.545 times
08 Mon Jan 2024	12.80	12.80	12.80	12.30	0.129 times
05 Fri Jan 2024	12.20	10.00	12.20	9.65	0.73 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 Steelage (PRAKASHSTL)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	9.03	9.60	9.62	8.12	1.36 times
30 Mon Sep 2024	9.17	9.36	9.36	8.71	0.233 times
08 Mon Jan 2024	12.80	10.00	12.80	9.65	0.386 times
29 Fri Dec 2023	9.65	7.00	10.35	6.85	0.633 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 Steelage (PRAKASHSTL)

Price action analysis of Prakash Steelage ( (PRAKASHSTL) ) 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 Steelage ( (PRAKASHSTL) ) based on a short to mid 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 Steelage ( (PRAKASHSTL) ) 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 Steelage stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Prakash Steelage 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Prakash Steelage 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

Stock of Prakash Steelage is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.99 and Prakash Steelage (PRAKASHSTL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Prakash Steelage (PRAKASHSTL) stock. Volume based technical analysis of Prakash Steelage (PRAKASHSTL) stock is negative.

Prakash Steelage 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.