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

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

Prakash Steelage trades in NSE in Construction & Engineering sector.

Showing technical analysis as on 2023-12-19 View latest technical analysis

10 day averaged volume of Prakash Steelage is 7046780

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	7.70	7.15	7.70	7.15	0.617 times
18 Mon Dec 2023	7.00	7.00	7.10	6.85	0.159 times
18 Fri Aug 2023	6.05	6.65	6.65	6.00	1.073 times
17 Thu Aug 2023	6.65	7.20	7.30	6.60	0.938 times
16 Wed Aug 2023	7.05	6.60	7.15	6.40	2.758 times
14 Mon Aug 2023	6.60	6.25	6.60	5.75	3.133 times
11 Fri Aug 2023	5.50	4.75	5.50	4.75	1.522 times
10 Thu Aug 2023	4.60	4.55	4.60	4.50	0.13 times
09 Wed Aug 2023	4.50	4.50	4.55	4.45	0.087 times
08 Tue Aug 2023	4.50	4.50	4.60	4.50	0.09 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 7.7, for a target of 6.3 or 5.23

Share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Target	4.20
Downside Target	4.30
Downside Target	4.55
Downside Target	4.75
Downside Target	5.10
Downside Target	5.50
Downside Target	5.75
Downside Target	6.85
Downside Target	7.30
Downside Target	7.70

Intraday share price targets for Prakash Steelage (PRAKASHSTL)

Target Type	Value
Downside Intraday Target	7.13
Downside Intraday Target	6.57
Upside Intraday Target	7.98
Upside Intraday Target	8.27
Downside Intraday Target	7.42

Weekly technical analysis of Prakash Steelage (PRAKASHSTL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	7.70	7.00	7.70	6.85	0.098 times
18 Fri Aug 2023	6.05	6.25	7.30	5.75	4.077 times
11 Fri Aug 2023	5.50	4.50	5.50	4.40	3.989 times
04 Fri Aug 2023	4.45	4.45	4.55	4.35	1.074 times
28 Fri Jul 2023	4.45	4.35	4.55	4.30	0.979 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 Steelage (PRAKASHSTL)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	7.70	7.00	7.70	6.85	0.076 times
18 Fri Aug 2023	6.05	4.50	7.30	4.35	6.015 times
31 Mon Jul 2023	4.45	4.50	4.75	4.30	1.034 times
30 Fri Jun 2023	4.45	4.40	5.10	4.30	1.33 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 Steelage (PRAKASHSTL)

Price action analysis of Prakash Steelage ( (PRAKASHSTL) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Prakash Steelage ( (PRAKASHSTL) ) 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 Steelage ( (PRAKASHSTL) ) 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 Steelage ( (PRAKASHSTL) ) 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 Steelage stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Prakash Steelage 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 Steelage 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 Steelage in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6.52 and Prakash Steelage (PRAKASHSTL) 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 Steelage (PRAKASHSTL) stock. Volume based technical analysis of Prakash Steelage (PRAKASHSTL) stock is negative.

Prakash Steelage 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.