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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 2024-02-01 View latest technical analysis

10 day averaged volume of Prakash Steelage is 156399

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	11.40	11.40	11.40	11.40	1.301 times
31 Wed Jan 2024	11.60	11.60	11.60	11.60	1.167 times
30 Tue Jan 2024	11.80	11.80	11.80	11.80	0.862 times
29 Mon Jan 2024	12.00	12.00	12.00	12.00	1.694 times
25 Thu Jan 2024	12.25	12.25	12.25	12.25	0.685 times
24 Wed Jan 2024	12.50	12.50	12.50	12.50	0.647 times
23 Tue Jan 2024	12.75	12.75	12.75	12.75	0.567 times
22 Mon Jan 2024	13.00	13.00	13.00	13.00	0.716 times
19 Fri Jan 2024	13.25	13.25	13.25	13.25	1.477 times
18 Thu Jan 2024	13.50	13.50	13.50	13.50	1.083 times

My analysis of stock is bearish for shortterm, and stock might move down till 9.8 or till 6.8. Use a stoploss of 12.24 and if the stock hits stoploss, then it can shoot up till 14.72

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	6.70
Downside Target	7.25
Downside Target	11.40
Upside Target	12.00
Upside Target	12.25
Upside Target	12.80
Upside Target	13.00
Upside 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	11.2
Downside Intraday Target	11
Upside Intraday Target	11.8
Upside Intraday Target	12.2
Upside Intraday Target	11.6

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	11.40	12.00	12.00	11.40	1.921 times
25 Thu Jan 2024	12.25	13.00	13.00	12.25	0.074 times
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

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
01 Thu Feb 2024	11.40	11.40	11.40	11.40	0.021 times
31 Wed Jan 2024	11.60	12.90	16.20	11.60	0.915 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

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_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 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_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 SELL. Signal strength is Weak and stock is losing momentum.

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

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 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 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 12.36 and Prakash Steelage (PRAKASHSTL_BE) 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_BE) stock. Volume based technical analysis of Prakash Steelage (PRAKASHSTL_BE) stock is negative.

Prakash Steelage Stock has given negative 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.