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

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

Showing technical analysis as on 2024-09-18 View latest technical analysis

10 day averaged volume of Prakash Steelage is 413141

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	9.08	9.44	9.60	9.00	1.125 times
17 Tue Sep 2024	9.30	9.60	9.60	9.16	0.841 times
16 Mon Sep 2024	9.61	9.58	9.87	9.30	1.538 times
13 Fri Sep 2024	9.58	9.33	9.58	9.01	1.47 times
12 Thu Sep 2024	9.13	9.00	9.24	9.00	0.874 times
11 Wed Sep 2024	8.89	9.00	9.20	8.78	1.037 times
10 Tue Sep 2024	9.06	9.36	9.36	9.00	1.118 times
09 Mon Sep 2024	9.11	9.01	9.40	9.01	1.549 times
06 Fri Sep 2024	9.10	9.08	9.10	9.08	0.38 times
05 Thu Sep 2024	9.12	9.11	9.14	9.11	0.346 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 9 as stoploss in an intra day buy trade for a target of 9.22. However, stock will show a bearish move below 9.

Share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Target	7.30
Downside Target	8.05
Downside Target	8.41
Downside Target	8.77
Upside Target	9.43
Upside Target	9.50
Upside Target	9.58
Upside Target	9.87
Upside Target	10.10
Upside Target	10.88
Upside Target	11.11

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	8.76
Downside Intraday Target	8.45
Upside Intraday Target	9.63
Upside Intraday Target	10.19
Upside Intraday Target	9.32

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	9.08	9.58	9.87	9.00	0.579 times
13 Fri Sep 2024	9.58	9.01	9.58	8.78	2.169 times
06 Fri Sep 2024	9.10	9.20	9.43	9.08	0.788 times
30 Fri Aug 2024	9.20	9.50	9.50	8.91	1.194 times
23 Fri Aug 2024	9.32	9.00	9.32	8.77	1.477 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 Steelage (PRAKASHSTL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	9.08	9.20	9.87	8.78	1.111 times
30 Fri Aug 2024	9.20	10.88	10.88	8.77	0.269 times
31 Wed Jul 2024	11.11	9.72	11.11	8.41	3.567 times
28 Fri Jun 2024	9.26	8.75	9.26	8.05	0.876 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 Steelage (PRAKASHSTL_BE)

Price action analysis of Prakash Steelage ( (PRAKASHSTL_BE) ) 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_BE) ) 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_BE) ) 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Prakash Steelage in short term but the buy signal is initial and weak.

Prakash Steelage 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Prakash Steelage in short term but SELL 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 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 9.24 and Prakash Steelage (PRAKASHSTL_BE) 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 Steelage (PRAKASHSTL_BE) stock. Volume based technical analysis of Prakash Steelage (PRAKASHSTL_BE) stock is negative.

Prakash Steelage 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.