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Stock analysis Prakash Steelage Limited PRAKASHSTL

More indepth analysis on MunafaSutra.com

Moving Averages for Prakash Steelage Limited

  • 5Day Average: 7.6
  • 12Day Average: 7.7
  • 20Day Average: 7.74
  • 50Day Average: 8.17
  • 100Day Average: 8.52
  • 150Day Average: 7.56
  • 200Day Average: 6.8

PRAKASHSTL Indicators & signals

Indicator MACD (12,26,9)

7.69, 7.83, -0.15
Indicator MACD is in negative zone

Indicator ADX (14)

12.5, 15.56, 20
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PRAKASHSTL Prakash Steelage Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
05 Wed Feb 2025 7.60 7.50 to 7.72 -0.39% 0.9 times
04 Tue Feb 2025 7.63 7.57 to 7.75 1.33% 0.63 times
03 Mon Feb 2025 7.53 7.02 to 7.90 -1.7% 0.95 times
31 Fri Jan 2025 7.66 7.55 to 7.90 0.79% 1.08 times
30 Thu Jan 2025 7.60 7.51 to 8.13 -1.94% 1.2 times
29 Wed Jan 2025 7.75 7.53 to 7.92 2.38% 0.94 times
28 Tue Jan 2025 7.57 7.35 to 8.20 -0.13% 1.23 times
27 Mon Jan 2025 7.58 7.40 to 7.81 -3.07% 1.25 times
24 Fri Jan 2025 7.82 7.65 to 8.20 -0.89% 1.26 times
23 Thu Jan 2025 7.89 7.80 to 7.99 0.25% 0.55 times
22 Wed Jan 2025 7.87 7.76 to 8.11 -0.88% 0.91 times
21 Tue Jan 2025 7.94 7.51 to 8.21 -2.22% 0.94 times

Technical analysis forecast for Prakash Steelage Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Prakash Steelage Limited PRAKASHSTL at this time. Stock is falling and might fall more.

It appears as if Prakash Steelage Limited PRAKASHSTL gave a large move recently.

Stock of Prakash Steelage Limited (PRAKASHSTL) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Prakash Steelage Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 7.5 as stoploss in an intra day buy trade for a target of 7.76. However, stock will show a bearish move below 7.5.

More indepth analysis on MunafaSutra.com