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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 2024-01-19 View latest technical analysis

10 day averaged volume of Prakash Steelage is 1129963

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	13.25	13.25	13.25	13.25	0.204 times
18 Thu Jan 2024	13.50	13.50	13.50	13.50	0.15 times
17 Wed Jan 2024	13.75	13.75	13.75	13.75	0.152 times
16 Tue Jan 2024	14.00	14.00	14.00	14.00	0.69 times
15 Mon Jan 2024	14.70	16.20	16.20	14.70	3.705 times
12 Fri Jan 2024	15.45	15.45	15.45	15.45	0.494 times
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	0.922 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 13.7 as stoploss in an intra day sell trade for a target of 9.78. However, stock will show a bullish move above 13.7.

Share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Target	4.90
Downside Target	5.30
Downside Target	5.80
Downside Target	6.20
Downside Target	6.65
Downside Target	7.00
Downside Target	7.25
Downside Target	12.80
Downside Target	13.25
Upside Target	15.45
Upside Target	16.20

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	12.27
Downside Intraday Target	11.28
Upside Intraday Target	15.22
Upside Intraday Target	17.18
Upside Intraday Target	14.23

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	13.25	16.20	16.20	13.25	1.821 times
12 Fri Jan 2024	15.45	12.90	15.45	12.80	0.479 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	13.25	12.90	16.20	12.80	0.82 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Prakash Steelage ( (PRAKASHSTL_BE) ) 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_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.

Prakash Steelage Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.55 and Prakash Steelage (PRAKASHSTL_BE) 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_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.