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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 2024-02-26 View latest technical analysis

10 day averaged volume of Prakash Steelage is 673754

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	9.80	9.80	9.80	9.80	1.374 times
23 Fri Feb 2024	9.35	9.30	9.35	9.15	0.921 times
22 Thu Feb 2024	9.30	9.35	9.35	9.25	1.627 times
21 Wed Feb 2024	9.40	9.40	9.40	9.40	0.707 times
20 Tue Feb 2024	9.25	8.95	9.25	8.95	4.043 times
19 Mon Feb 2024	9.10	9.10	9.10	9.10	0.262 times
16 Fri Feb 2024	9.25	9.25	9.40	9.25	1.778 times
15 Thu Feb 2024	9.40	9.40	9.40	9.40	0.274 times
14 Wed Feb 2024	9.60	9.60	9.60	9.60	0.156 times
13 Tue Feb 2024	9.80	9.80	9.80	9.80	0.101 times

My analysis of stock is bearish for shortterm, and stock might move down till 9.3 or till 8.3. Use a stoploss of 10.16 and if the stock hits stoploss, then it can shoot up till 11.02

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	6.70
Downside Target	7.25
Downside Target	8.95
Downside Target	9.25
Downside Target	9.80
Upside Target	10.00
Upside Target	10.20
Upside Target	11.00
Upside Target	11.40
Upside Target	11.60
Upside Target	12.00
Upside Target	16.20

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	9.8
Downside Intraday Target	9.8
Downside Intraday Target	9.8
Downside Intraday Target	9.8
Downside Intraday Target	9.8

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	9.80	9.80	9.80	9.80	0.182 times
23 Fri Feb 2024	9.35	9.10	9.40	8.95	3.098 times
16 Fri Feb 2024	9.25	10.00	10.00	9.25	1.761 times
09 Fri Feb 2024	10.20	11.00	11.00	10.20	0.979 times
02 Fri Feb 2024	11.20	12.00	12.00	11.20	2.331 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
26 Mon Feb 2024	9.80	11.40	11.40	8.95	0.937 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Prakash Steelage ( (PRAKASHSTL_BE) ) based on a short to mid 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 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 Strong and stock is losing 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. Bulls 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 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 9.35 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 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.