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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 2024-09-05 View latest technical analysis

10 day averaged volume of Prakash Steelage is 276280

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	9.12	9.11	9.14	9.11	0.518 times
04 Wed Sep 2024	9.14	9.10	9.20	9.10	1.266 times
03 Tue Sep 2024	9.19	9.41	9.43	9.19	0.635 times
02 Mon Sep 2024	9.38	9.20	9.38	9.20	1.182 times
30 Fri Aug 2024	9.20	9.26	9.26	9.20	0.474 times
29 Thu Aug 2024	9.28	8.91	9.28	8.91	1.243 times
28 Wed Aug 2024	9.10	9.28	9.28	9.10	0.291 times
27 Tue Aug 2024	9.26	9.50	9.50	9.26	0.51 times
26 Mon Aug 2024	9.45	9.50	9.50	9.45	2.771 times
23 Fri Aug 2024	9.32	9.32	9.32	9.32	1.165 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 9 as stoploss in an intra day buy trade for a target of 9.26. However, stock will show a bearish move below 9.

Share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Target	7.30
Downside Target	8.05
Downside Target	8.41
Downside Target	8.77
Downside Target	9.09
Upside Target	9.50
Upside Target	9.61
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	9
Downside Intraday Target	8.89
Upside Intraday Target	9.33
Upside Intraday Target	9.55
Upside Intraday Target	9.22

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	9.12	9.20	9.43	9.10	0.681 times
30 Fri Aug 2024	9.20	9.50	9.50	8.91	1.194 times
23 Fri Aug 2024	9.32	9.00	9.32	8.77	1.477 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

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
05 Thu Sep 2024	9.12	9.20	9.43	9.10	0.217 times
30 Fri Aug 2024	9.20	10.88	10.88	8.77	0.269 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

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

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 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 and the sell signal is strong.

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 getting stronger in this stock.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 9.3 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 positive

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