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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 2024-06-06 View latest technical analysis

10 day averaged volume of Prem Explosives is 96700

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	2305.70	2270.00	2365.00	2236.50	1.236 times
05 Wed Jun 2024	2186.00	2340.00	2367.00	2132.00	2.314 times
04 Tue Jun 2024	2368.85	2636.00	2636.00	2368.85	1.036 times
03 Mon Jun 2024	2632.05	2683.25	2688.00	2551.00	1.02 times
31 Fri May 2024	2525.65	2676.00	2676.00	2490.00	1.171 times
30 Thu May 2024	2493.05	2523.15	2682.00	2365.65	1.702 times
29 Wed May 2024	2523.15	2536.25	2577.50	2501.00	0.332 times
28 Tue May 2024	2517.45	2627.00	2638.95	2489.00	0.499 times
27 Mon May 2024	2593.25	2540.00	2636.00	2535.00	0.783 times
24 Fri May 2024	2543.70	2478.00	2626.00	2397.15	0.886 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2314.9, but if it comes above 2314.9, then a intra day buy could be more profitable.
If you take a sell trade below 2314.9, then use 2314.9 as stoploss and 2175.2 as target. However if you take a buy trade in stock , then use 2314.9 as stoploss and 2431.39 as target.

Share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Target	1320.05
Downside Target	1501.00
Downside Target	1610.00
Downside Target	1689.00
Downside Target	2132.00
Upside Target	2365.65
Upside Target	2452.25
Upside Target	2626.00
Upside Target	2682.00
Upside Target	2688.00
Upside Target	2780.00

Intraday share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Intraday Target	2062.47
Downside Intraday Target	1819.23
Upside Intraday Target	2618.47
Upside Intraday Target	2931.23
Upside Intraday Target	2375.23

Weekly technical analysis of Prem Explosives (PREMEXPLN)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	2305.70	2683.25	2688.00	2132.00	1.249 times
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

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
06 Thu Jun 2024	2305.70	2683.25	2688.00	2132.00	0.51 times
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

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 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 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 losing 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 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 2425.19 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.