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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 2024-06-12 View latest technical analysis

10 day averaged volume of Prakash Steelage is 194686

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	8.79	8.79	8.79	8.79	1.108 times
11 Tue Jun 2024	8.62	8.62	8.62	8.62	0.875 times
10 Mon Jun 2024	8.46	8.46	8.46	8.46	0.938 times
07 Fri Jun 2024	8.30	8.05	8.30	8.05	1.247 times
06 Thu Jun 2024	8.15	8.15	8.15	8.15	1.36 times
05 Wed Jun 2024	8.30	8.30	8.30	8.30	0.547 times
04 Tue Jun 2024	8.45	8.60	8.60	8.45	1.048 times
03 Mon Jun 2024	8.60	8.75	8.75	8.60	1.638 times
31 Fri May 2024	8.75	8.85	8.85	8.75	0.902 times
30 Thu May 2024	8.90	8.90	8.90	8.90	0.435 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.4 or till 7.8. Use a stoploss of 8.99 and if the stock hits stoploss, then it can shoot up till 9.54

Share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Target	7.25
Downside Target	7.50
Downside Target	8.05
Downside Target	8.45
Downside 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	8.57
Downside Intraday Target	8.35
Upside Intraday Target	8.9
Upside Intraday Target	9.01
Downside Intraday Target	8.68

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	8.79	8.46	8.79	8.46	0.5 times
07 Fri Jun 2024	8.30	8.75	8.75	8.05	1.951 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

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
12 Wed Jun 2024	8.79	8.75	8.79	8.05	0.312 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 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 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 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 BUY. 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.

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 green color and prices are above the green 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 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 8.51 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 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.