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(PREMEXPLN) Prem Explosives complete technical analysis [charts+indicators] | Buy/Sell Prem Explosives | (PREMEXPLN) share price targets

Complete technical analysis of Prem Explosives (PREMEXPLN) by charts plus indicators, forecast predictions and share price targets for Prem Explosives (PREMEXPLN)

Prem Explosives trades in NSE in Specialty Chemicals sector.

Showing technical analysis as on 2024-01-23 View latest technical analysis

10 day averaged volume of Prem Explosives is 41268

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	1536.80	1590.40	1590.40	1526.05	0.613 times
22 Mon Jan 2024	1571.55	1580.00	1590.00	1555.00	0.475 times
19 Fri Jan 2024	1570.00	1567.00	1604.90	1565.40	0.341 times
18 Thu Jan 2024	1566.40	1557.80	1615.00	1527.60	0.875 times
17 Wed Jan 2024	1557.80	1546.85	1572.00	1525.50	0.75 times
16 Tue Jan 2024	1544.30	1583.95	1584.20	1532.00	1.725 times
15 Mon Jan 2024	1584.30	1598.00	1620.00	1547.10	0.908 times
12 Fri Jan 2024	1591.05	1648.00	1650.00	1569.00	1.031 times
11 Thu Jan 2024	1625.20	1580.00	1660.00	1572.05	2.266 times
10 Wed Jan 2024	1572.15	1568.80	1590.00	1546.60	0.622 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1548.2, but if it comes above 1548.2, then a intra day buy could be more profitable.
If you take a sell trade below 1548.2, then use 1548.2 as stoploss and 1519.5 as target. However if you take a buy trade in stock , then use 1548.2 as stoploss and 1572.15 as target.

Share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Target	430.05
Downside Target	943.15
Downside Target	1010.25
Downside Target	1094.00
Downside Target	1181.25
Downside Target	1376.65
Downside Target	1502.10
Upside Target	1600.00
Upside Target	1620.00
Upside Target	1660.00
Upside Target	1669.00

Intraday share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Intraday Target	1511.77
Downside Intraday Target	1486.73
Upside Intraday Target	1576.12
Upside Intraday Target	1615.43
Upside Intraday Target	1551.08

Weekly technical analysis of Prem Explosives (PREMEXPLN)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	1536.80	1580.00	1590.40	1526.05	0.236 times
19 Fri Jan 2024	1570.00	1598.00	1620.00	1525.50	0.676 times
12 Fri Jan 2024	1591.05	1587.10	1660.00	1511.00	2.015 times
05 Fri Jan 2024	1574.60	1588.00	1600.00	1502.10	1.086 times
29 Fri Dec 2023	1588.00	1609.05	1660.00	1562.05	0.728 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 Prem Explosives (PREMEXPLN)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	1536.80	1588.00	1660.00	1502.10	0.757 times
29 Fri Dec 2023	1588.00	1444.00	1669.00	1376.65	0.995 times
30 Thu Nov 2023	1424.10	1240.55	1546.10	1181.25	0.475 times
14 Mon Aug 2023	1020.10	1005.00	1094.00	943.15	0.255 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 Prem Explosives (PREMEXPLN)

Price action analysis of Prem Explosives ( (PREMEXPLN) ) based on a short 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 Prem Explosives ( (PREMEXPLN) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Prem Explosives ( (PREMEXPLN) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Prem Explosives ( (PREMEXPLN) ) 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 Prem Explosives stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Prem Explosives in short term but the sell signal is initial and weak.

Prem Explosives Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Prem Explosives in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Prem Explosives is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1578.84 and Prem Explosives (PREMEXPLN) 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 Prem Explosives (PREMEXPLN) stock. Volume based technical analysis of Prem Explosives (PREMEXPLN) stock is negative.

Prem Explosives 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.