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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 2024-05-16 View latest technical analysis

10 day averaged volume of Prakash Steelage is 213271

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	8.80	8.80	8.80	8.80	1.15 times
15 Wed May 2024	8.40	8.25	8.40	8.20	1.687 times
14 Tue May 2024	8.00	7.90	8.00	7.90	1.173 times
13 Mon May 2024	7.65	7.35	7.65	7.35	1.198 times
10 Fri May 2024	7.30	7.30	7.30	7.30	0.566 times
09 Thu May 2024	7.30	7.35	7.35	7.30	0.543 times
08 Wed May 2024	7.40	7.35	7.40	7.35	1.145 times
07 Tue May 2024	7.50	7.60	7.60	7.50	0.736 times
06 Mon May 2024	7.65	7.75	7.75	7.65	0.888 times
03 Fri May 2024	7.80	7.85	7.85	7.80	0.782 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 8.8, for a target of 8.3 or 7.92

Share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Target	7.25
Downside Target	7.50
Downside Target	7.75
Downside Target	8.30
Downside Target	8.70
Downside Target	8.80
Upside Target	9.65
Upside Target	11.40
Upside Target	11.60
Upside Target	16.20

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	7.83
Downside Intraday Target	6.87
Upside Intraday Target	9.28
Upside Intraday Target	9.77
Downside Intraday Target	8.32

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	8.80	7.35	8.80	7.35	1.343 times
10 Fri May 2024	7.30	7.75	7.75	7.30	1.052 times
03 Fri May 2024	7.80	7.95	7.95	7.80	0.9 times
26 Fri Apr 2024	7.95	8.30	8.30	7.95	3.389 times
19 Fri Apr 2024	8.35	8.80	8.80	8.35	0.602 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
16 Thu May 2024	8.80	7.90	8.80	7.30	0.476 times
30 Tue Apr 2024	7.90	7.50	9.65	7.50	0.353 times
28 Thu Mar 2024	7.65	8.05	8.70	7.25	1.236 times
29 Thu Feb 2024	8.45	11.40	11.40	8.45	1.195 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 gaining momentum.

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

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 red color and prices are in or above 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 7.89 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.