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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 2024-08-27 View latest technical analysis

10 day averaged volume of Prakash Industries is 2773907

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	231.40	234.00	237.00	228.55	1.233 times
26 Mon Aug 2024	230.88	210.70	234.80	210.00	3.373 times
23 Fri Aug 2024	208.32	205.00	216.45	205.00	1.295 times
22 Thu Aug 2024	204.08	204.80	209.12	201.88	0.451 times
21 Wed Aug 2024	203.21	203.00	209.20	201.82	1.633 times
20 Tue Aug 2024	199.49	202.00	202.24	194.00	0.608 times
19 Mon Aug 2024	200.72	186.40	203.00	186.40	1.27 times
16 Fri Aug 2024	185.68	181.25	187.00	175.90	0.372 times
14 Wed Aug 2024	178.72	179.50	180.95	173.00	0.268 times
13 Tue Aug 2024	178.92	186.35	187.35	177.00	0.265 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 229.3, for a target of 209.5 or 193.03

Share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Target	138.00
Downside Target	150.65
Downside Target	161.20
Downside Target	169.14
Downside Target	173.00
Downside Target	179.45
Downside Target	184.00
Downside Target	196.66
Downside Target	200.45
Downside Target	210.00
Downside Target	212.00
Downside Target	216.45
Upside Target	237.00

Intraday share price targets for Prakash Industries (PRAKASH)

Target Type	Value
Downside Intraday Target	215.27
Downside Intraday Target	199.13
Upside Intraday Target	242.27
Upside Intraday Target	253.13
Downside Intraday Target	226.13

Weekly technical analysis of Prakash Industries (PRAKASH)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	231.40	210.70	237.00	210.00	0.876 times
23 Fri Aug 2024	208.32	186.40	216.45	186.40	3.84 times
16 Fri Aug 2024	185.68	178.98	187.99	173.00	1.007 times
09 Fri Aug 2024	178.24	183.60	185.00	169.14	0.724 times
02 Fri Aug 2024	190.43	193.00	200.45	185.15	1.024 times

Price has moved up 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
27 Tue Aug 2024	231.40	195.61	237.00	169.14	1.083 times
31 Wed Jul 2024	195.28	184.05	212.00	175.55	1.841 times
28 Fri Jun 2024	183.94	165.55	196.66	138.00	1.642 times
31 Fri May 2024	160.55	172.40	179.45	150.65	1.208 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 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 Prakash Industries ( (PRAKASH) ) 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Prakash Industries in short term and the buy signal is strong.

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

Prakash Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 Prakash Industries in short term and BUY signal is strong.

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 213.44 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 rising upwards.

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 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.