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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 2024-08-09 View latest technical analysis

10 day averaged volume of Prakash Steelage is 542125

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	9.61	9.61	9.61	9.61	0.336 times
08 Thu Aug 2024	9.81	9.81	9.81	9.81	0.231 times
07 Wed Aug 2024	10.02	10.02	10.02	10.02	0.28 times
06 Tue Aug 2024	10.23	10.23	10.23	10.23	0.061 times
05 Mon Aug 2024	10.44	10.44	10.44	10.44	0.174 times
02 Fri Aug 2024	10.66	10.66	10.66	10.66	0.178 times
01 Thu Aug 2024	10.88	10.88	10.88	10.88	0.728 times
31 Wed Jul 2024	11.11	11.11	11.11	11.00	2 times
30 Tue Jul 2024	10.59	10.54	10.59	10.41	2.175 times
29 Mon Jul 2024	10.09	10.09	10.09	9.61	2.624 times

My analysis of stock is bearish for shortterm, and stock might move down till 9 or till 8.1. Use a stoploss of 9.71 and if the stock hits stoploss, then it can shoot up till 10.45

Share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Target	7.30
Downside Target	7.50
Downside Target	8.05
Downside Target	8.41
Downside Target	8.70
Downside Target	9.15
Downside Target	9.61
Upside Target	9.72
Upside Target	10.10
Upside Target	10.44
Upside Target	10.88
Upside Target	11.11

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	9.33
Downside Intraday Target	9.06
Upside Intraday Target	10.16
Upside Intraday Target	10.72
Upside Intraday Target	9.89

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	9.61	10.44	10.44	9.61	0.14 times
02 Fri Aug 2024	10.66	10.09	11.11	9.61	1.312 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

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
09 Fri Aug 2024	9.61	10.88	10.88	9.61	0.063 times
31 Wed Jul 2024	11.11	9.72	11.11	8.41	3.567 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

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 neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak 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 getting stronger in this stock.

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 and SELL 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

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 10.5 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 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.