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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 2024-01-24 View latest technical analysis

10 day averaged volume of Prem Explosives is 39645

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1383.90	1540.00	1546.00	1383.15	8.089 times
23 Tue Jan 2024	1536.80	1590.40	1590.40	1526.05	0.638 times
22 Mon Jan 2024	1571.55	1580.00	1590.00	1555.00	0.494 times
19 Fri Jan 2024	1570.00	1567.00	1604.90	1565.40	0.355 times
18 Thu Jan 2024	1566.40	1557.80	1615.00	1527.60	0.911 times
17 Wed Jan 2024	1557.80	1546.85	1572.00	1525.50	0.78 times
16 Tue Jan 2024	1544.30	1583.95	1584.20	1532.00	1.796 times
15 Mon Jan 2024	1584.30	1598.00	1620.00	1547.10	0.946 times
12 Fri Jan 2024	1591.05	1648.00	1650.00	1569.00	1.073 times
11 Thu Jan 2024	1625.20	1580.00	1660.00	1572.05	2.359 times

Stock of Prem Explosives (PREMEXPLN) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1459.1, for a target of 1514.5 or 1560.74

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
Upside Target	1502.10
Upside Target	1600.00
Upside Target	1620.00
Upside Target	1660.00
Upside Target	1669.00

Intraday share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Intraday Target	1314.57
Downside Intraday Target	1245.23
Upside Intraday Target	1521.82
Upside Intraday Target	1659.73
Upside Intraday Target	1452.48

Weekly technical analysis of Prem Explosives (PREMEXPLN)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1383.90	1580.00	1590.40	1383.15	1.926 times
19 Fri Jan 2024	1570.00	1598.00	1620.00	1525.50	0.676 times
12 Fri Jan 2024	1591.05	1587.10	1660.00	1511.00	2.015 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

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 Prem Explosives (PREMEXPLN)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1383.90	1588.00	1660.00	1383.15	1.128 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 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 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 neutral. A longer time frame might give a better analysis.

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 Strong 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 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 Prem Explosives in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Prem Explosives is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1488.68 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 negative.

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