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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 2024-08-19 View latest technical analysis

10 day averaged volume of Prakash Steelage is 151114

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	8.95	9.00	9.00	8.95	1.592 times
16 Fri Aug 2024	9.09	9.09	9.09	9.09	1.645 times
14 Wed Aug 2024	9.28	9.28	9.28	9.28	0.313 times
13 Tue Aug 2024	9.47	9.67	9.67	9.47	1.266 times
12 Mon Aug 2024	9.67	9.61	9.80	9.61	2.259 times
09 Fri Aug 2024	9.61	9.61	9.61	9.61	1.205 times
08 Thu Aug 2024	9.81	9.81	9.81	9.81	0.827 times
07 Wed Aug 2024	10.02	10.02	10.02	10.02	1.005 times
06 Tue Aug 2024	10.23	10.23	10.23	10.23	0.217 times
05 Mon Aug 2024	10.44	10.44	10.44	10.44	0.623 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 9.2, but if it comes above 9.2, then a intra day buy could be more profitable.
If you take a sell trade below 9.2, then use 9.2 as stoploss and 8.4 as target. However if you take a buy trade in stock , then use 9.2 as stoploss and 9.82 as target.

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	8.95
Upside Target	9.61
Upside Target	9.72
Upside Target	9.80
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	8.93
Downside Intraday Target	8.92
Upside Intraday Target	8.98
Upside Intraday Target	9.02
Upside Intraday Target	8.97

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	8.95	9.00	9.00	8.95	0.29 times
16 Fri Aug 2024	9.09	9.61	9.80	9.09	1.414 times
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

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
19 Mon Aug 2024	8.95	10.88	10.88	8.95	0.126 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 SELL. 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.

Prakash Steelage Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 and the buying is gaining 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 9.53 and Prakash Steelage (PRAKASHSTL_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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