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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 2024-02-02 View latest technical analysis

10 day averaged volume of Prem Explosives is 88368

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	1402.85	1364.75	1450.00	1350.90	0.555 times
01 Thu Feb 2024	1347.65	1414.25	1427.00	1336.50	0.731 times
31 Wed Jan 2024	1393.40	1459.85	1459.85	1387.05	0.504 times
30 Tue Jan 2024	1438.30	1469.25	1472.15	1420.10	0.406 times
29 Mon Jan 2024	1449.70	1479.00	1482.80	1420.00	0.635 times
25 Thu Jan 2024	1429.35	1374.00	1449.95	1267.00	3.019 times
24 Wed Jan 2024	1383.90	1540.00	1546.00	1383.15	3.629 times
23 Tue Jan 2024	1536.80	1590.40	1590.40	1526.05	0.286 times
22 Mon Jan 2024	1571.55	1580.00	1590.00	1555.00	0.222 times
19 Fri Jan 2024	1570.00	1567.00	1604.90	1565.40	0.159 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1430.7, but if it comes above 1430.7, then a intra day buy could be more profitable.
If you take a sell trade below 1430.7, then use 1430.7 as stoploss and 1331.8 as target. However if you take a buy trade in stock , then use 1430.7 as stoploss and 1513.11 as target.

Share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Target	943.15
Downside Target	1094.00
Downside Target	1181.25
Downside Target	1267.00
Downside Target	1336.50
Downside Target	1376.65
Upside Target	1450.00
Upside Target	1482.80
Upside Target	1590.40
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	1331.97
Downside Intraday Target	1261.08
Upside Intraday Target	1478.27
Upside Intraday Target	1553.68
Upside Intraday Target	1407.38

Weekly technical analysis of Prem Explosives (PREMEXPLN)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	1402.85	1479.00	1482.80	1336.50	0.396 times
25 Thu Jan 2024	1429.35	1580.00	1590.40	1267.00	3.331 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

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
02 Fri Feb 2024	1402.85	1414.25	1450.00	1336.50	0.082 times
31 Wed Jan 2024	1393.40	1588.00	1660.00	1267.00	1.595 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

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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Prem Explosives stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 1413.96 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.