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Stock analysis Prajay Engineers Syndicate Limited PRAENG

More indepth analysis on MunafaSutra.com

Moving Averages for Prajay Engineers Syndicate Limited

  • 5Day Average: 33.16
  • 12Day Average: 33.51
  • 20Day Average: 26.76
  • 50Day Average: 19.23
  • 100Day Average: 15.84
  • 150Day Average: 14.77
  • 200Day Average: 14.2

PRAENG Indicators & signals

Indicator MACD (12,26,9)

31.36, 26.31, 4.63
Indicator MACD is in positive zone

Indicator ADX (14)

56.64, 44.27, 12.25
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 75
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PRAENG Prajay Engineers Syndicate Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Wed Jul 2024 36.39 33.02 to 37.60 5.54% 0.83 times
02 Tue Jul 2024 34.48 33.99 to 36.96 2.62% 2.16 times
01 Mon Jul 2024 33.60 29.10 to 33.60 9.98% 1.09 times
28 Fri Jun 2024 30.55 30.35 to 31.39 -0.78% 0.23 times
27 Thu Jun 2024 30.79 30.50 to 33.01 -4.41% 0.4 times
26 Wed Jun 2024 32.21 31.52 to 33.94 -3.94% 0.29 times
25 Tue Jun 2024 33.53 32.99 to 35.50 -3.06% 0.3 times
24 Mon Jun 2024 34.59 34.50 to 35.97 -0.32% 0.3 times
21 Fri Jun 2024 34.70 34.00 to 36.00 1.17% 0.62 times
20 Thu Jun 2024 34.30 32.61 to 37.70 -2.31% 2.49 times
19 Wed Jun 2024 35.11 33.00 to 35.11 9.99% 2.13 times
18 Tue Jun 2024 31.92 29.69 to 31.92 52.36% 0.49 times

Technical analysis forecast of Prajay Engineers Syndicate Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Prajay Engineers Syndicate Limited PRAENG at this time. Stock is rising and might rise more.

It appears as if Prajay Engineers Syndicate Limited PRAENG gave a large move recently.

Stock of Prajay Engineers Syndicate Limited (PRAENG) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Prajay Engineers Syndicate Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 36.7 as stoploss in an intra day sell trade for a target of 28.18. However, stock will show a bullish move above 36.7.

More indepth analysis on MunafaSutra.com