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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 2024-06-06 View latest technical analysis

10 day averaged volume of Prakash Steelage is 151268

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	8.15	8.15	8.15	8.15	1.75 times
05 Wed Jun 2024	8.30	8.30	8.30	8.30	0.704 times
04 Tue Jun 2024	8.45	8.60	8.60	8.45	1.349 times
03 Mon Jun 2024	8.60	8.75	8.75	8.60	2.108 times
31 Fri May 2024	8.75	8.85	8.85	8.75	1.161 times
30 Thu May 2024	8.90	8.90	8.90	8.90	0.56 times
29 Wed May 2024	9.05	9.15	9.15	9.05	1.3 times
28 Tue May 2024	9.20	9.20	9.20	9.20	0.339 times
27 Mon May 2024	9.35	9.35	9.35	9.35	0.492 times
24 Fri May 2024	9.50	9.50	9.50	9.50	1.231 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8.1 as stoploss in an intra day buy trade for a target of 8.85. However, stock will show a bearish move below 8.1.

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	8.15
Upside Target	8.45
Upside Target	8.70
Upside Target	9.35
Upside Target	9.50
Upside Target	9.65
Upside Target	10.10
Upside Target	11.40

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	7.95
Downside Intraday Target	7.75
Upside Intraday Target	8.55
Upside Intraday Target	8.95
Upside Intraday Target	8.35

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	8.15	8.75	8.75	8.15	1.534 times
31 Fri May 2024	8.75	9.35	9.35	8.75	0.502 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

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
06 Thu Jun 2024	8.15	8.75	8.75	8.15	0.164 times
31 Fri May 2024	8.75	7.90	10.10	7.30	1.095 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Strong and stock is gaining 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 red color and prices are below the red 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

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 8.73 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.