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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 2024-05-27 View latest technical analysis

10 day averaged volume of Prakash Steelage is 361617

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	9.35	9.35	9.35	9.35	0.206 times
24 Fri May 2024	9.50	9.50	9.50	9.50	0.515 times
23 Thu May 2024	9.70	9.70	9.70	9.70	0.316 times
22 Wed May 2024	9.90	9.90	9.90	9.90	0.528 times
21 Tue May 2024	10.10	10.10	10.10	9.90	1.848 times
18 Sat May 2024	9.65	9.65	9.65	9.50	0.528 times
17 Fri May 2024	9.20	9.05	9.20	8.45	3.193 times
16 Thu May 2024	8.80	8.80	8.80	8.80	0.678 times
15 Wed May 2024	8.40	8.25	8.40	8.20	0.995 times
14 Tue May 2024	8.00	7.90	8.00	7.90	0.692 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 9.4 as stoploss in an intra day sell trade for a target of 8.45. However, stock will show a bullish move above 9.4.

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	8.45
Downside Target	8.70
Downside Target	9.35
Upside Target	9.65
Upside Target	10.10
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	9.35
Downside Intraday Target	9.35
Downside Intraday Target	9.35
Downside Intraday Target	9.35
Downside Intraday Target	9.35

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	9.35	9.35	9.35	9.35	0.064 times
24 Fri May 2024	9.50	10.10	10.10	9.50	0.472 times
18 Sat May 2024	9.65	7.35	9.65	7.35	2.969 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

Price has moved down 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
27 Mon May 2024	9.35	7.90	10.10	7.30	0.993 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 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 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.

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 but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 9.28 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.