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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 2024-12-12 View latest technical analysis

10 day averaged volume of Prakash Steelage is 1227477

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	9.01	9.18	9.18	8.93	0.431 times
11 Wed Dec 2024	9.03	8.81	9.28	8.81	0.518 times
10 Tue Dec 2024	9.07	9.30	9.36	8.92	0.76 times
09 Mon Dec 2024	9.15	9.37	9.69	9.05	1.358 times
06 Fri Dec 2024	9.23	8.54	10.18	8.54	5.355 times
05 Thu Dec 2024	8.49	8.89	8.89	8.46	0.261 times
04 Wed Dec 2024	8.50	8.72	8.72	8.48	0.27 times
03 Tue Dec 2024	8.56	8.42	8.67	8.39	0.324 times
02 Mon Dec 2024	8.42	8.39	8.60	8.31	0.389 times
29 Fri Nov 2024	8.40	8.64	8.64	8.30	0.299 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 8.9, but if it comes below 8.9, then a intra day sell could be more profitable.
If you take a sell trade below 8.9, then use 8.9 as stoploss and 8.48 as target. However if you take a buy trade in stock , then use 8.9 as stoploss and 9.4 as target.

Share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Target	7.66
Downside Target	7.95
Downside Target	8.31
Downside Target	8.71
Upside Target	9.25
Upside Target	9.36
Upside Target	9.62
Upside Target	9.65
Upside Target	9.69
Upside Target	10.18
Upside Target	12.80

Intraday share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Intraday Target	8.65
Downside Intraday Target	8.29
Upside Intraday Target	9.53
Upside Intraday Target	10.05
Upside Intraday Target	9.17

Weekly technical analysis of Prakash Steelage (PRAKASHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	9.01	9.37	9.69	8.81	0.465 times
06 Fri Dec 2024	9.23	8.39	10.18	8.31	3.589 times
29 Fri Nov 2024	8.40	8.25	8.78	7.95	1.546 times
22 Fri Nov 2024	8.00	8.14	8.47	7.79	0.856 times
14 Thu Nov 2024	8.12	8.90	8.96	8.01	0.697 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
12 Thu Dec 2024	9.01	8.39	10.18	8.31	1.444 times
29 Fri Nov 2024	8.40	9.08	9.25	7.79	0.656 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

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 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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Prakash Steelage stock for short term is BUY. Signal strength is Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Steelage in short term

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

Although the stock is in the BUY zone, but buying 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 9.07 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 positive

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