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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 2024-05-31 View latest technical analysis

10 day averaged volume of Prem Explosives is 56058

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	2525.65	2676.00	2676.00	2490.00	2.021 times
30 Thu May 2024	2493.05	2523.15	2682.00	2365.65	2.936 times
29 Wed May 2024	2523.15	2536.25	2577.50	2501.00	0.573 times
28 Tue May 2024	2517.45	2627.00	2638.95	2489.00	0.861 times
27 Mon May 2024	2593.25	2540.00	2636.00	2535.00	1.35 times
24 Fri May 2024	2543.70	2478.00	2626.00	2397.15	1.528 times
23 Thu May 2024	2469.80	2465.00	2497.00	2428.00	0.442 times
22 Wed May 2024	2448.05	2519.00	2525.00	2394.00	0.643 times
21 Tue May 2024	2490.65	2524.00	2541.00	2465.00	0.93 times
18 Sat May 2024	2477.60	2449.90	2487.00	2427.65	0.343 times

Stock of Prem Explosives (PREMEXPLN) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2521.9, but if it comes below 2521.9, then a intra day sell could be more profitable.
If you take a sell trade below 2521.9, then use 2521.9 as stoploss and 2415.7 as target. However if you take a buy trade in stock , then use 2521.9 as stoploss and 2649.2 as target.

Share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Target	1267.00
Downside Target	1320.05
Downside Target	1501.00
Downside Target	1610.00
Downside Target	1660.00
Downside Target	2138.40
Downside Target	2326.65
Downside Target	2452.25
Downside Target	2487.00
Upside Target	2626.00
Upside Target	2682.00
Upside Target	2780.00

Intraday share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Intraday Target	2366.87
Downside Intraday Target	2208.08
Upside Intraday Target	2683.22
Upside Intraday Target	2840.78
Downside Intraday Target	2524.43

Weekly technical analysis of Prem Explosives (PREMEXPLN)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	2525.65	2540.00	2682.00	2365.65	2.185 times
24 Fri May 2024	2543.70	2524.00	2626.00	2394.00	1.309 times
18 Sat May 2024	2477.60	2250.00	2487.00	2150.00	0.816 times
10 Fri May 2024	2230.80	2445.00	2452.25	2138.40	0.822 times
03 Fri May 2024	2431.25	2724.00	2780.00	2326.65	0.19 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
31 Fri May 2024	2525.65	2440.00	2682.00	2138.40	0.305 times
30 Tue Apr 2024	2439.65	1536.95	2780.00	1501.00	3.002 times
28 Thu Mar 2024	1521.70	1496.95	1689.00	1320.05	0.997 times
29 Thu Feb 2024	1489.35	1414.25	1610.00	1336.50	0.842 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 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 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 Prem Explosives ( (PREMEXPLN) ) 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 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. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Prem Explosives in short term and BUY 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

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 2516.28 and Prem Explosives (PREMEXPLN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.