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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 2025-01-29 View latest technical analysis

10 day averaged volume of Prakash Steelage is 271418

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	7.75	7.55	7.92	7.53	0.937 times
28 Tue Jan 2025	7.57	7.41	8.20	7.35	1.231 times
27 Mon Jan 2025	7.58	7.81	7.81	7.40	1.255 times
24 Fri Jan 2025	7.82	8.19	8.20	7.65	1.266 times
23 Thu Jan 2025	7.89	7.99	7.99	7.80	0.553 times
22 Wed Jan 2025	7.87	7.92	8.11	7.76	0.907 times
21 Tue Jan 2025	7.94	8.21	8.21	7.51	0.936 times
20 Mon Jan 2025	8.12	7.95	8.18	7.91	1.241 times
17 Fri Jan 2025	7.95	7.92	8.09	7.92	1.121 times
16 Thu Jan 2025	8.04	8.00	8.14	7.95	0.669 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 7.7 as stoploss in an intra day buy trade for a target of 7.9. However, stock will show a bearish move below 7.7.

Share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Target	7.26
Downside Target	7.51
Upside Target	8.14
Upside Target	8.48
Upside Target	8.64
Upside Target	8.71
Upside Target	9.25
Upside Target	9.36
Upside Target	9.62
Upside Target	10.18

Intraday share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Intraday Target	7.33
Downside Intraday Target	6.92
Upside Intraday Target	8.18
Upside Intraday Target	8.62
Upside Intraday Target	7.77

Weekly technical analysis of Prakash Steelage (PRAKASHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	7.75	7.81	8.20	7.35	0.698 times
24 Fri Jan 2025	7.82	7.95	8.21	7.51	0.787 times
17 Fri Jan 2025	7.95	8.05	8.14	7.26	0.755 times
10 Fri Jan 2025	7.70	8.33	8.48	7.65	0.941 times
03 Fri Jan 2025	8.31	8.08	8.64	7.91	0.906 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
29 Wed Jan 2025	7.75	8.00	8.64	7.26	0.407 times
31 Tue Dec 2024	8.01	8.39	10.18	7.91	2.279 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

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 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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Prakash Steelage in short term and the sell 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 red color and prices are below the red 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 BUY signal in short term but buying 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 7.84 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.