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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 2024-07-30 View latest technical analysis

10 day averaged volume of Prakash Steelage is 646884

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	10.59	10.54	10.59	10.41	1.823 times
29 Mon Jul 2024	10.09	10.09	10.09	9.61	2.199 times
26 Fri Jul 2024	9.61	9.72	9.72	9.36	1.299 times
25 Thu Jul 2024	9.33	9.17	9.45	8.96	1.049 times
24 Wed Jul 2024	9.06	9.18	9.19	9.02	0.626 times
23 Tue Jul 2024	9.19	9.70	9.72	8.91	1.026 times
22 Mon Jul 2024	9.26	8.95	9.26	8.51	0.923 times
19 Fri Jul 2024	8.82	9.09	9.09	8.71	0.813 times
18 Thu Jul 2024	8.89	8.86	8.99	8.41	0.846 times
16 Tue Jul 2024	8.78	8.80	8.95	8.51	0.492 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 10.2, for a target of 9.7 or 9.23

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	8.41
Downside Target	8.70
Downside Target	9.15
Downside Target	9.61
Downside Target	9.69
Downside Target	9.72
Downside Target	9.94
Downside Target	10.10
Downside Target	10.59

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	9.94
Downside Intraday Target	9.28
Upside Intraday Target	10.92
Upside Intraday Target	11.24
Downside Intraday Target	10.26

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	10.59	10.09	10.59	9.61	0.817 times
26 Fri Jul 2024	9.61	8.95	9.72	8.51	1.71 times
19 Fri Jul 2024	8.82	8.94	9.15	8.41	0.694 times
12 Fri Jul 2024	8.89	9.65	9.69	8.70	0.474 times
05 Fri Jul 2024	9.44	9.72	9.94	8.83	4.2 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
30 Tue Jul 2024	10.59	9.72	10.59	8.41	3.34 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, and volume has increased substantially. This means that the move can 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 9.59 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.