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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 2024-03-12 View latest technical analysis

10 day averaged volume of Prem Explosives is 93612

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	1402.80	1443.00	1451.50	1385.00	0.432 times
11 Mon Mar 2024	1437.35	1496.80	1496.80	1425.10	0.424 times
07 Thu Mar 2024	1484.20	1499.00	1535.90	1470.00	0.442 times
06 Wed Mar 2024	1494.55	1569.45	1569.45	1465.00	0.749 times
05 Tue Mar 2024	1538.95	1655.80	1665.00	1511.10	1.02 times
04 Mon Mar 2024	1647.40	1562.20	1689.00	1532.85	4.9 times
02 Sat Mar 2024	1554.25	1550.00	1589.80	1509.00	0.08 times
01 Fri Mar 2024	1552.55	1496.95	1568.00	1490.00	0.933 times
29 Thu Feb 2024	1489.35	1496.60	1526.65	1474.45	0.27 times
28 Wed Feb 2024	1489.00	1556.15	1604.00	1480.00	0.713 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1433.4, but if it comes above 1433.4, then a intra day buy could be more profitable.
If you take a sell trade below 1433.4, then use 1433.4 as stoploss and 1358.2 as target. However if you take a buy trade in stock , then use 1433.4 as stoploss and 1496.18 as target.

Share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Target	1181.25
Downside Target	1267.00
Downside Target	1336.50
Downside Target	1367.90
Upside Target	1465.00
Upside Target	1546.10
Upside Target	1604.00
Upside Target	1610.00
Upside Target	1660.00
Upside Target	1669.00
Upside Target	1689.00

Intraday share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Intraday Target	1359.6
Downside Intraday Target	1316.4
Upside Intraday Target	1471.4
Upside Intraday Target	1540
Upside Intraday Target	1428.2

Weekly technical analysis of Prem Explosives (PREMEXPLN)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	1402.80	1496.80	1496.80	1385.00	0.12 times
07 Thu Mar 2024	1484.20	1562.20	1689.00	1465.00	2.424 times
02 Sat Mar 2024	1554.25	1577.50	1604.00	1474.45	0.766 times
23 Fri Feb 2024	1579.20	1472.95	1610.00	1392.30	1.237 times
16 Fri Feb 2024	1472.65	1427.00	1503.00	1367.90	1.319 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
12 Tue Mar 2024	1402.80	1496.95	1689.00	1385.00	0.724 times
29 Thu Feb 2024	1489.35	1414.25	1610.00	1336.50	0.842 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

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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 green color and prices are in or below the green 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 but selling is losing 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 1572.77 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.