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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 2024-11-06 View latest technical analysis

10 day averaged volume of Prakash Steelage is 433759

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	8.98	9.10	9.15	8.90	0.871 times
05 Tue Nov 2024	8.96	8.79	9.10	8.65	1.195 times
04 Mon Nov 2024	8.64	9.18	9.25	8.38	1.414 times
01 Fri Nov 2024	9.04	9.08	9.25	8.91	0.805 times
31 Thu Oct 2024	8.82	8.42	8.98	8.42	1.431 times
30 Wed Oct 2024	8.49	8.47	8.74	8.30	0.635 times
29 Tue Oct 2024	8.29	8.78	8.78	8.18	0.735 times
28 Mon Oct 2024	8.06	8.04	8.32	7.66	0.723 times
25 Fri Oct 2024	8.03	8.22	8.38	7.68	1.28 times
24 Thu Oct 2024	8.21	8.38	8.38	8.11	0.849 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 9 as stoploss in an intra day sell trade for a target of 8.64. However, stock will show a bullish move above 9.

Share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Target	6.85
Downside Target	7.66
Downside Target	8.12
Downside Target	8.38
Downside Target	8.56
Upside Target	9.10
Upside Target	9.25
Upside Target	9.36
Upside Target	9.46
Upside Target	9.62
Upside Target	9.65
Upside Target	10.35
Upside Target	12.80

Intraday share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Intraday Target	8.49
Downside Intraday Target	8
Upside Intraday Target	9.36
Upside Intraday Target	9.74
Downside Intraday Target	8.87

Weekly technical analysis of Prakash Steelage (PRAKASHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	8.98	9.18	9.25	8.38	0.804 times
01 Fri Nov 2024	9.04	8.04	9.25	7.66	0.789 times
25 Fri Oct 2024	8.03	8.88	9.19	7.68	1.439 times
18 Fri Oct 2024	8.82	9.02	9.10	8.56	0.553 times
11 Fri Oct 2024	9.02	8.83	9.46	8.12	0.602 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 Steelage (PRAKASHSTL)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	8.98	9.08	9.25	8.38	0.148 times
31 Thu Oct 2024	8.82	9.60	9.62	7.66	3.039 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

Scroll below to view daily charts

Price has moved up 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 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 Steelage ( (PRAKASHSTL) ) based on a short 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.

Price action analysis of Prakash Steelage ( (PRAKASHSTL) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 BUY signal for Prakash Steelage in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Prakash Steelage Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Prakash Steelage in short term and BUY signal is strong.

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

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 8.57 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 rising upwards.

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 is giving positive 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.