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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 2024-12-26 View latest technical analysis

10 day averaged volume of Prakash Steelage is 632182

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	8.21	8.43	8.50	8.13	0.702 times
24 Tue Dec 2024	8.25	8.07	8.56	8.07	1.486 times
23 Mon Dec 2024	8.04	8.46	9.09	8.01	1.479 times
20 Fri Dec 2024	8.40	8.54	8.68	8.32	0.745 times
19 Thu Dec 2024	8.53	8.40	8.68	8.38	0.404 times
18 Wed Dec 2024	8.62	8.70	8.92	8.43	1.036 times
17 Tue Dec 2024	8.64	8.74	8.95	8.56	0.771 times
16 Mon Dec 2024	8.74	8.96	9.19	8.68	1.514 times
13 Fri Dec 2024	8.98	9.02	9.16	8.77	0.721 times
12 Thu Dec 2024	9.01	9.18	9.18	8.93	0.837 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8.3, but if it comes above 8.3, then a intra day buy could be more profitable.
If you take a sell trade below 8.3, then use 8.3 as stoploss and 7.9 as target. However if you take a buy trade in stock , then use 8.3 as stoploss and 8.64 as target.

Share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Target	7.66
Downside Target	7.95
Upside Target	8.31
Upside Target	8.71
Upside Target	9.09
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	7.78
Downside Intraday Target	7.36
Upside Intraday Target	8.86
Upside Intraday Target	9.52
Upside Intraday Target	8.44

Weekly technical analysis of Prakash Steelage (PRAKASHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	8.21	8.46	9.09	8.01	0.82 times
20 Fri Dec 2024	8.40	8.96	9.19	8.32	0.669 times
13 Fri Dec 2024	8.98	9.37	9.69	8.77	0.521 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

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
26 Thu Dec 2024	8.21	8.39	10.18	8.01	2.126 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 down this month, and volume has increased substantially. This means that the move can 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 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 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 Steelage stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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 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 BUY signal in short term and the buying is gaining 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 8.51 and Prakash Steelage (PRAKASHSTL) 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 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 negative.

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