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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)

10 day averaged volume of Prakash Steelage is 199697

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	8.05	8.20	8.20	8.05	1.316 times
22 Mon Apr 2024	8.20	8.30	8.30	8.20	0.761 times
19 Fri Apr 2024	8.35	8.35	8.35	8.35	0.404 times
18 Thu Apr 2024	8.50	8.50	8.50	8.50	0.403 times
16 Tue Apr 2024	8.65	8.65	8.65	8.65	0.33 times
15 Mon Apr 2024	8.80	8.80	8.80	8.80	0.154 times
12 Fri Apr 2024	8.95	8.95	8.95	8.95	0.724 times
10 Wed Apr 2024	9.10	9.10	9.10	9.10	0.524 times
09 Tue Apr 2024	9.25	9.25	9.25	9.25	0.242 times
08 Mon Apr 2024	9.40	9.40	9.40	9.40	0.654 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 8 as stoploss in an intra day buy trade for a target of 8.54. However, stock will show a bearish move below 8.

Share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Target	5.30
Downside Target	7.25
Downside Target	7.50
Downside Target	8.05
Upside Target	8.30
Upside Target	8.70
Upside Target	8.95
Upside Target	9.40
Upside Target	9.65
Upside Target	11.40
Upside Target	11.60
Upside Target	16.20

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	7.97
Downside Intraday Target	7.88
Upside Intraday Target	8.22
Upside Intraday Target	8.38
Upside Intraday Target	8.13

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	8.05	8.30	8.30	8.05	1.609 times
19 Fri Apr 2024	8.35	8.80	8.80	8.35	0.602 times
12 Fri Apr 2024	8.95	9.40	9.40	8.95	0.139 times
05 Fri Apr 2024	9.60	7.50	9.65	7.50	2.044 times
28 Thu Mar 2024	7.65	8.25	8.45	7.50	0.763 times

Price has moved down 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
23 Tue Apr 2024	8.05	7.50	9.65	7.50	0.296 times
28 Thu Mar 2024	7.65	8.05	8.70	7.25	1.236 times
29 Thu Feb 2024	8.45	11.40	11.40	8.45	1.195 times
31 Wed Jan 2024	11.60	12.90	16.20	11.60	0.915 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 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 Strong 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 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 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

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 8.61 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.