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(PRAKASH) Prakash Industries complete technical analysis [charts+indicators] | Buy/Sell Prakash Industries | (PRAKASH) share price targets

Complete technical analysis of Prakash Industries (PRAKASH) by charts plus indicators, forecast predictions and share price targets for Prakash Industries (PRAKASH)

Prakash Industries trades in NSE in Iron & Steel sector.

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Prakash Industries is 634217

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	174.60	174.00	177.00	171.40	0.698 times
29 Thu Feb 2024	172.60	167.10	174.90	165.55	0.915 times
28 Wed Feb 2024	166.25	177.35	177.95	164.40	1.341 times
27 Tue Feb 2024	175.30	180.55	181.50	174.75	0.965 times
26 Mon Feb 2024	180.55	183.00	189.95	179.50	0.804 times
23 Fri Feb 2024	183.00	185.95	186.65	182.20	0.635 times
22 Thu Feb 2024	184.05	185.95	187.20	181.10	0.755 times
21 Wed Feb 2024	184.20	187.05	187.50	180.50	1.029 times
20 Tue Feb 2024	186.30	192.00	192.00	185.60	1.041 times
19 Mon Feb 2024	191.80	198.00	198.00	190.65	1.806 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 174.3 as stoploss in an intra day buy trade for a target of 187.08. However, stock will show a bearish move below 174.3.

Share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Target	115.00
Downside Target	135.70
Downside Target	144.80
Downside Target	164.40
Downside Target	171.40
Upside Target	177.00
Upside Target	189.95
Upside Target	198.00
Upside Target	202.25
Upside Target	203.00
Upside Target	219.80
Upside Target	223.00
Upside Target	223.60

Intraday share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Intraday Target	162.68
Downside Intraday Target	150.77
Upside Intraday Target	188.23
Upside Intraday Target	201.87
Upside Intraday Target	176.32

Weekly technical analysis of Prakash Industries (PRAKASH)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	174.60	183.00	189.95	164.40	0.897 times
23 Fri Feb 2024	183.00	198.00	198.00	180.50	1.039 times
16 Fri Feb 2024	183.55	199.85	201.00	172.10	0.756 times
09 Fri Feb 2024	201.85	215.55	223.00	190.70	0.911 times
02 Fri Feb 2024	213.85	209.70	223.60	202.25	1.769 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 Prakash Industries (PRAKASH)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	174.60	174.00	177.00	171.40	0.029 times
29 Thu Feb 2024	172.60	211.00	223.60	164.40	2.944 times
31 Wed Jan 2024	209.25	186.05	219.80	181.05	0.122 times
19 Thu Oct 2023	193.55	143.10	203.00	135.70	1.145 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 Prakash Industries (PRAKASH)

Price action analysis of Prakash Industries ( (PRAKASH) ) 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 Prakash Industries ( (PRAKASH) ) 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 Prakash Industries ( (PRAKASH) ) 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 Prakash Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Prakash Industries in short term but the sell signal is initial and weak.

Prakash Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Prakash Industries in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Prakash Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 180.41 and Prakash Industries (PRAKASH) 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 Prakash Industries (PRAKASH) stock. Volume based technical analysis of Prakash Industries (PRAKASH) stock is negative.

Prakash Industries 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.