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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 2024-11-11 View latest technical analysis

10 day averaged volume of Prakash Steelage is 432290

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	8.53	8.90	8.96	8.45	0.979 times
08 Fri Nov 2024	8.78	8.76	8.96	8.61	0.692 times
07 Thu Nov 2024	8.76	9.04	9.25	8.71	1.473 times
06 Wed Nov 2024	8.98	9.10	9.15	8.90	0.873 times
05 Tue Nov 2024	8.96	8.79	9.10	8.65	1.199 times
04 Mon Nov 2024	8.64	9.18	9.25	8.38	1.419 times
01 Fri Nov 2024	9.04	9.08	9.25	8.91	0.807 times
31 Thu Oct 2024	8.82	8.42	8.98	8.42	1.436 times
30 Wed Oct 2024	8.49	8.47	8.74	8.30	0.637 times
29 Tue Oct 2024	8.29	8.78	8.78	8.18	0.738 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.3 or till 7.9. Use a stoploss of 8.59 and if the stock hits stoploss, then it can shoot up till 8.91

Share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Target	6.85
Downside Target	7.66
Downside Target	8.38
Upside Target	8.96
Upside Target	9.25
Upside Target	9.36
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	8.33
Downside Intraday Target	8.14
Upside Intraday Target	8.84
Upside Intraday Target	9.16
Upside Intraday Target	8.65

Weekly technical analysis of Prakash Steelage (PRAKASHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	8.53	8.90	8.96	8.45	0.173 times
08 Fri Nov 2024	8.78	9.18	9.25	8.38	1.302 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

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
11 Mon Nov 2024	8.53	9.08	9.25	8.38	0.257 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 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 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 short to mid 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 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 Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Prakash Steelage 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.74 and Prakash Steelage (PRAKASHSTL) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.