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(PREMEXPLN) Prem Explosives complete technical analysis [charts+indicators] | Buy/Sell Prem Explosives | (PREMEXPLN) share price targets

Complete technical analysis of Prem Explosives (PREMEXPLN) by charts plus indicators, forecast predictions and share price targets for Prem Explosives (PREMEXPLN)

Prem Explosives trades in NSE in Specialty Chemicals sector.

Showing technical analysis as on 2024-01-09 View latest technical analysis

10 day averaged volume of Prem Explosives is 34552

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	1561.75	1560.00	1582.60	1549.00	1.202 times
08 Mon Jan 2024	1561.10	1587.10	1601.65	1511.00	2.249 times
05 Fri Jan 2024	1574.60	1573.00	1590.00	1531.95	0.701 times
04 Thu Jan 2024	1557.05	1564.95	1598.80	1521.00	0.997 times
03 Wed Jan 2024	1551.75	1549.00	1571.85	1502.10	0.667 times
02 Tue Jan 2024	1539.75	1569.20	1599.95	1532.30	0.901 times
01 Mon Jan 2024	1560.65	1588.00	1600.00	1531.00	0.769 times
29 Fri Dec 2023	1588.00	1610.00	1610.00	1562.05	1.407 times
28 Thu Dec 2023	1616.60	1621.00	1641.00	1600.25	0.4 times
27 Wed Dec 2023	1612.10	1624.20	1657.25	1605.00	0.52 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 1553.6 as stoploss in an intra day buy trade for a target of 1583.45. However, stock will show a bearish move below 1553.6.

Share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Target	430.05
Downside Target	943.15
Downside Target	1010.25
Downside Target	1094.00
Downside Target	1181.25
Downside Target	1376.65
Downside Target	1495.00
Upside Target	1600.00
Upside Target	1601.65
Upside Target	1649.90
Upside Target	1660.00
Upside Target	1669.00

Intraday share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Intraday Target	1514.62
Downside Intraday Target	1467.48
Upside Intraday Target	1605.27
Upside Intraday Target	1648.78
Downside Intraday Target	1558.13

Weekly technical analysis of Prem Explosives (PREMEXPLN)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	1561.75	1587.10	1601.65	1511.00	0.855 times
05 Fri Jan 2024	1574.60	1588.00	1600.00	1502.10	1.086 times
29 Fri Dec 2023	1588.00	1609.05	1660.00	1562.05	0.728 times
22 Fri Dec 2023	1603.20	1633.95	1649.90	1495.00	0.881 times
15 Fri Dec 2023	1618.75	1590.80	1669.00	1524.30	0.602 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 Prem Explosives (PREMEXPLN)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	1561.75	1588.00	1601.65	1502.10	0.299 times
29 Fri Dec 2023	1588.00	1444.00	1669.00	1376.65	0.995 times
30 Thu Nov 2023	1424.10	1240.55	1546.10	1181.25	0.475 times
14 Mon Aug 2023	1020.10	1005.00	1094.00	943.15	0.255 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 Prem Explosives (PREMEXPLN)

Price action analysis of Prem Explosives ( (PREMEXPLN) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Prem Explosives ( (PREMEXPLN) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Prem Explosives ( (PREMEXPLN) ) 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 Prem Explosives ( (PREMEXPLN) ) 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 Prem Explosives stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Prem Explosives in short term but the sell signal is initial and weak.

Prem Explosives 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Prem Explosives in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Prem Explosives is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1567.92 and Prem Explosives (PREMEXPLN) 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 Prem Explosives (PREMEXPLN) stock. Volume based technical analysis of Prem Explosives (PREMEXPLN) stock is negative.

Prem Explosives 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.