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(PRAKASHSTL_BE) Prakash Steelage complete technical analysis [charts+indicators] | Buy/Sell Prakash Steelage | (PRAKASHSTL_BE) share price targets

Complete technical analysis of Prakash Steelage (PRAKASHSTL_BE) by charts plus indicators, forecast predictions and share price targets for Prakash Steelage (PRAKASHSTL_BE)

Showing technical analysis as on 2024-01-11 View latest technical analysis

10 day averaged volume of Prakash Steelage is 1130892

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	14.75	14.75	14.75	14.75	0.415 times
10 Wed Jan 2024	14.05	14.00	14.05	13.85	0.74 times
09 Tue Jan 2024	13.40	12.90	13.40	12.80	1.041 times
15 Fri Dec 2023	6.80	7.25	7.25	6.80	0.921 times
14 Thu Dec 2023	7.00	7.15	7.20	6.65	1.688 times
13 Wed Dec 2023	6.90	6.90	6.90	6.75	1.127 times
12 Tue Dec 2023	6.60	6.45	6.60	6.20	1.178 times
11 Mon Dec 2023	6.30	6.25	6.40	6.20	0.699 times
08 Fri Dec 2023	6.10	6.55	6.65	6.05	1.572 times
07 Thu Dec 2023	6.35	6.35	6.35	6.20	0.523 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 13.7, for a target of 10.1 or 7.19

Share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Target	4.90
Downside Target	5.30
Downside Target	5.70
Downside Target	6.20
Downside Target	6.65
Downside Target	7.00
Downside Target	7.25
Downside Target	12.80
Downside Target	14.75

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	13.45
Downside Intraday Target	12.15
Upside Intraday Target	15.4
Upside Intraday Target	16.05
Downside Intraday Target	14.1

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	14.75	12.90	14.75	12.80	0.391 times
15 Fri Dec 2023	6.80	6.25	7.25	6.20	1.604 times
08 Fri Dec 2023	6.10	5.55	6.65	5.35	8.344 times
01 Fri Dec 2023	5.30	5.55	5.55	5.30	0.6 times
24 Fri Nov 2023	5.55	5.70	5.70	5.45	0.978 times

Price has moved up 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	14.75	12.90	14.75	12.80	0.237 times
15 Fri Dec 2023	6.80	5.40	7.25	5.30	3.362 times
30 Thu Nov 2023	5.40	5.65	5.80	5.40	0.426 times
31 Tue Oct 2023	5.55	5.50	6.70	4.90	0.935 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_BE)

Price action analysis of Prakash Steelage ( (PRAKASHSTL_BE) ) 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_BE) ) 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_BE) ) 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 BUY. Signal strength is Strong and stock is losing 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying is losing 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 8.22 and Prakash Steelage (PRAKASHSTL_BE) 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_BE) stock. Volume based technical analysis of Prakash Steelage (PRAKASHSTL_BE) 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.