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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 2024-07-05 View latest technical analysis

10 day averaged volume of Prakash Steelage is 593384

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	9.44	9.52	9.69	9.11	2.196 times
04 Thu Jul 2024	9.47	9.02	9.47	8.91	1.351 times
03 Wed Jul 2024	9.02	9.20	9.24	8.83	1.548 times
02 Tue Jul 2024	9.25	9.73	9.94	9.23	2.983 times
01 Mon Jul 2024	9.72	9.72	9.72	9.72	1.471 times
28 Fri Jun 2024	9.26	9.08	9.26	9.00	0.625 times
27 Thu Jun 2024	9.08	9.12	9.12	9.08	0.413 times
26 Wed Jun 2024	8.95	9.10	9.10	8.95	0.364 times
25 Tue Jun 2024	9.14	9.14	9.14	9.14	0.494 times
24 Mon Jun 2024	8.97	8.80	8.97	8.80	0.377 times

Stock of Prakash Steelage (PRAKASHSTL_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 9.3, but if it comes below 9.3, then a intra day sell could be more profitable.
If you take a sell trade below 9.3, then use 9.3 as stoploss and 9.01 as target. However if you take a buy trade in stock , then use 9.3 as stoploss and 9.7 as target.

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	8.46
Downside Target	8.70
Downside Target	9.11
Downside Target	9.17
Downside Target	9.26
Upside Target	9.65
Upside Target	9.94
Upside Target	10.10

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	8.87
Downside Intraday Target	8.29
Upside Intraday Target	9.98
Upside Intraday Target	10.51
Downside Intraday Target	9.4

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	9.44	9.72	9.94	8.83	4.2 times
28 Fri Jun 2024	9.26	8.80	9.26	8.80	1.564 times
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

Price has moved up 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
05 Fri Jul 2024	9.44	9.72	9.94	8.83	1.183 times
28 Fri Jun 2024	9.26	8.75	9.26	8.05	0.876 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

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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Prakash Steelage stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

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. Bears are weakening, and bulls 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 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

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 9.31 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.