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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 2024-03-21 View latest technical analysis

10 day averaged volume of Prakash Industries is 1023152

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	146.75	143.70	149.80	143.60	0.524 times
20 Wed Mar 2024	141.95	144.40	146.15	140.40	0.454 times
19 Tue Mar 2024	142.80	146.60	149.95	141.10	0.557 times
18 Mon Mar 2024	146.55	150.05	152.70	145.40	0.673 times
15 Fri Mar 2024	149.45	146.90	151.50	140.25	0.787 times
14 Thu Mar 2024	145.65	131.00	149.80	128.15	1.715 times
13 Wed Mar 2024	131.30	143.00	150.70	130.00	1.62 times
12 Tue Mar 2024	144.65	151.00	154.90	140.80	1.301 times
11 Mon Mar 2024	151.80	163.80	166.00	149.00	1.73 times
07 Thu Mar 2024	163.80	164.60	168.95	162.35	0.463 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 144.8 as stoploss in an intra day buy trade for a target of 160.26. However, stock will show a bearish move below 144.8.

Share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Target	115.00
Downside Target	128.15
Downside Target	135.70
Downside Target	140.40
Downside Target	144.80
Upside Target	152.70
Upside Target	160.05
Upside Target	164.40
Upside Target	180.50
Upside Target	189.95
Upside Target	198.00
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	140.53
Downside Intraday Target	134.32
Upside Intraday Target	152.83
Upside Intraday Target	158.92
Downside Intraday Target	146.62

Weekly technical analysis of Prakash Industries (PRAKASH)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	146.75	150.05	152.70	140.40	0.309 times
15 Fri Mar 2024	149.45	163.80	166.00	128.15	3.416 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

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
21 Thu Mar 2024	146.75	174.00	183.50	128.15	0.799 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 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 Prakash Industries ( (PRAKASH) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Prakash Industries 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. 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 BUY signal in short term but buying 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 145.18 and Prakash Industries (PRAKASH) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.