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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 2024-02-16 View latest technical analysis

10 day averaged volume of Prem Explosives is 47393

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	1472.65	1487.35	1490.00	1463.60	1.792 times
15 Thu Feb 2024	1465.35	1404.00	1503.00	1391.00	2.375 times
14 Wed Feb 2024	1392.90	1400.00	1417.60	1377.00	0.324 times
13 Tue Feb 2024	1400.30	1425.10	1444.95	1367.90	0.647 times
12 Mon Feb 2024	1407.50	1427.00	1457.50	1390.05	0.98 times
09 Fri Feb 2024	1402.05	1429.90	1429.90	1374.20	1.49 times
08 Thu Feb 2024	1419.25	1401.60	1425.00	1390.30	0.583 times
07 Wed Feb 2024	1400.95	1400.00	1436.00	1376.70	0.872 times
06 Tue Feb 2024	1363.95	1391.40	1391.40	1353.00	0.709 times
05 Mon Feb 2024	1384.40	1413.30	1415.00	1352.35	0.984 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1493.5 as stoploss in an intra day sell trade for a target of 1431.64. However, stock will show a bullish move above 1493.5.

Share price targets for Prem Explosives (PREMEXPLN)

Target Type	Value
Downside Target	943.15
Downside Target	1094.00
Downside Target	1181.25
Downside Target	1267.00
Downside Target	1336.50
Downside Target	1436.00
Upside Target	1482.80
Upside Target	1525.50
Upside Target	1546.10
Upside Target	1590.40
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	1392.7
Downside Intraday Target	1312.75
Upside Intraday Target	1527.8
Upside Intraday Target	1582.95
Downside Intraday Target	1447.85

Weekly technical analysis of Prem Explosives (PREMEXPLN)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	1472.65	1427.00	1503.00	1367.90	1.319 times
09 Fri Feb 2024	1402.05	1413.30	1436.00	1352.35	0.879 times
02 Fri Feb 2024	1402.85	1479.00	1482.80	1336.50	0.396 times
25 Thu Jan 2024	1429.35	1580.00	1590.40	1267.00	3.331 times
19 Fri Jan 2024	1570.00	1598.00	1620.00	1525.50	0.676 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 Prem Explosives (PREMEXPLN)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	1472.65	1414.25	1503.00	1336.50	0.452 times
31 Wed Jan 2024	1393.40	1588.00	1660.00	1267.00	1.595 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

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 Prem Explosives (PREMEXPLN)

Price action analysis of Prem Explosives ( (PREMEXPLN) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Prem Explosives ( (PREMEXPLN) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

ADX buy sell signal for Prem Explosives stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

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

Prem Explosives 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Prem Explosives in short term and BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1424.62 and Prem Explosives (PREMEXPLN) 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 Prem Explosives (PREMEXPLN) stock. Volume based technical analysis of Prem Explosives (PREMEXPLN) stock is negative.

Prem Explosives Stock is giving positive 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.