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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 2024-06-21 View latest technical analysis

10 day averaged volume of Prakash Steelage is 259047

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	8.80	8.85	8.85	8.80	0.853 times
20 Thu Jun 2024	8.85	8.98	8.98	8.85	0.43 times
19 Wed Jun 2024	8.99	9.17	9.17	8.99	0.88 times
18 Tue Jun 2024	9.00	9.12	9.12	9.00	1.168 times
14 Fri Jun 2024	9.11	8.94	9.11	8.94	1.352 times
13 Thu Jun 2024	8.94	8.94	8.94	8.93	2.015 times
12 Wed Jun 2024	8.79	8.79	8.79	8.79	0.833 times
11 Tue Jun 2024	8.62	8.62	8.62	8.62	0.658 times
10 Mon Jun 2024	8.46	8.46	8.46	8.46	0.705 times
07 Fri Jun 2024	8.30	8.05	8.30	8.05	0.937 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.5 or till 8. Use a stoploss of 8.81 and if the stock hits stoploss, then it can shoot up till 9.16

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	9.11
Upside Target	9.17
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	8.68
Downside Intraday Target	8.55
Upside Intraday Target	9.05
Upside Intraday Target	9.29
Upside Intraday Target	8.92

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	8.80	9.12	9.17	8.80	0.599 times
14 Fri Jun 2024	9.11	8.46	9.11	8.46	1.268 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

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
21 Fri Jun 2024	8.80	8.75	9.17	8.05	0.629 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Prakash Steelage stock for short term is BUY. Signal strength is Weak 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 in or below 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 8.83 and Prakash Steelage (PRAKASHSTL_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.