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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)

10 day averaged volume of Prakash Steelage is 119562

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	7.95	7.95	7.95	7.95	1.549 times
25 Thu Apr 2024	7.95	7.95	7.95	7.95	1.079 times
24 Wed Apr 2024	7.95	8.00	8.00	7.95	1.211 times
23 Tue Apr 2024	8.05	8.20	8.20	8.05	2.198 times
22 Mon Apr 2024	8.20	8.30	8.30	8.20	1.271 times
19 Fri Apr 2024	8.35	8.35	8.35	8.35	0.675 times
18 Thu Apr 2024	8.50	8.50	8.50	8.50	0.674 times
16 Tue Apr 2024	8.65	8.65	8.65	8.65	0.551 times
15 Mon Apr 2024	8.80	8.80	8.80	8.80	0.257 times
12 Fri Apr 2024	8.95	8.95	8.95	8.95	1.209 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 7.9 as stoploss in an intra day buy trade for a target of 8.52. However, stock will show a bearish move below 7.9.

Share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Target	5.30
Downside Target	7.25
Downside Target	7.50
Downside Target	7.95
Upside Target	8.30
Upside Target	8.70
Upside Target	8.95
Upside Target	9.40
Upside Target	9.65
Upside Target	11.40
Upside Target	11.60
Upside Target	16.20

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	7.83
Downside Intraday Target	7.72
Upside Intraday Target	8.18
Upside Intraday Target	8.42
Upside Intraday Target	8.07

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	7.95	8.30	8.30	7.95	3.389 times
19 Fri Apr 2024	8.35	8.80	8.80	8.35	0.602 times
12 Fri Apr 2024	8.95	9.40	9.40	8.95	0.139 times
05 Fri Apr 2024	9.60	7.50	9.65	7.50	2.044 times
28 Thu Mar 2024	7.65	8.25	8.45	7.50	0.763 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 Steelage (PRAKASHSTL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	7.95	7.50	9.65	7.50	0.329 times
28 Thu Mar 2024	7.65	8.05	8.70	7.25	1.236 times
29 Thu Feb 2024	8.45	11.40	11.40	8.45	1.195 times
31 Wed Jan 2024	11.60	12.90	16.20	11.60	0.915 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_BE)

Price action analysis of Prakash Steelage ( (PRAKASHSTL_BE) ) 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 Steelage ( (PRAKASHSTL_BE) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is losing momentum.

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

Prakash Steelage 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 coming down

CCI has generated a SELL signal for Prakash Steelage in short term

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 8.23 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.