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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 2024-03-14 View latest technical analysis

10 day averaged volume of Prakash Industries is 808483

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	145.65	131.00	149.80	128.15	2.17 times
13 Wed Mar 2024	131.30	143.00	150.70	130.00	2.05 times
12 Tue Mar 2024	144.65	151.00	154.90	140.80	1.647 times
11 Mon Mar 2024	151.80	163.80	166.00	149.00	2.19 times
07 Thu Mar 2024	163.80	164.60	168.95	162.35	0.586 times
06 Wed Mar 2024	163.65	169.05	170.55	160.05	0.884 times
05 Tue Mar 2024	169.30	173.70	175.20	168.10	0.543 times
04 Mon Mar 2024	173.85	182.90	183.50	173.00	0.636 times
02 Sat Mar 2024	181.40	175.90	182.90	174.00	0.198 times
01 Fri Mar 2024	174.60	174.00	177.00	171.40	0.548 times

Stock of Prakash Industries (PRAKASH) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 154.6, but if it comes above 154.6, then a intra day buy could be more profitable.
If you take a sell trade below 154.6, then use 154.6 as stoploss and 135.7 as target. However if you take a buy trade in stock , then use 154.6 as stoploss and 170.38 as target.

Share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Target	115.00
Downside Target	128.15
Downside Target	135.70
Downside Target	144.80
Upside Target	160.05
Upside Target	164.40
Upside Target	172.10
Upside Target	180.50
Upside Target	189.95
Upside Target	198.00
Upside Target	201.00
Upside Target	203.00
Upside Target	219.80
Upside Target	223.60

Intraday share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Intraday Target	127.2
Downside Intraday Target	108.75
Upside Intraday Target	165.05
Upside Intraday Target	184.45
Upside Intraday Target	146.6

Weekly technical analysis of Prakash Industries (PRAKASH)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	145.65	163.80	166.00	128.15	3.04 times
07 Thu Mar 2024	163.80	182.90	183.50	160.05	0.679 times
02 Sat Mar 2024	181.40	183.00	189.95	164.40	0.945 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

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 Prakash Industries (PRAKASH)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	145.65	174.00	183.50	128.15	0.601 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 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 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 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 Prakash Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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 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 Prakash Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 151.12 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.