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PRAKASHSTL_BE NEWS why is Prakash Steelage Ltd price falling or rising

PRAKASHSTL_BE NEWS reasons for why stock price of Prakash Steelage Ltd is falling or rising

PRAKASHSTL_BE Prakash Steelage is falling or rising technical reasons

Technical analysis forecast for Prakash Steelage 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 PRAKASHSTL_BE at this time. Stock is falling and might fall more.

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

Stock of Prakash Steelage (PRAKASHSTL_BE) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Prakash Steelage is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Prakash Steelage stays below 9, but if it comes above 9, then a intra day buy could be more profitable.
If you take a sell trade below 9, then use 9 as stoploss and 8.8 as target. However if you take a buy trade in Prakash Steelage, then use 9 as stoploss and 9.21 as target.

PRAKASHSTL_BE Prakash Steelage is falling or rising NEWS fundamental reasons

More announcements and NEWS

PRAKASHSTL_BE Prakash Steelage Ltd current price & indicator signals

Moving Averages for Prakash Steelage Ltd

  • 5Day Average: 9.19
  • 12Day Average: 9.16
  • 20Day Average: 9.2
  • 50Day Average: 9.39
  • 100Day Average: 9.07
  • 150Day Average: 8.89
  • 200Day Average: 8.94

PRAKASHSTL_BE Indicators & signals

Indicator MACD (12,26,9)

9.17, 9.24, -0.06
Indicator MACD is in negative zone

Indicator ADX (14)

17.65, 19.44, 27.78
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 61
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
20 Fri Sep 2024 8.98 8.60 to 9.14 0.11% 0.78 times
19 Thu Sep 2024 8.97 8.75 to 9.35 -1.21% 0.86 times
18 Wed Sep 2024 9.08 9.00 to 9.60 -2.37% 1.04 times
17 Tue Sep 2024 9.30 9.16 to 9.60 -3.23% 0.77 times
16 Mon Sep 2024 9.61 9.30 to 9.87 0.31% 1.42 times
13 Fri Sep 2024 9.58 9.01 to 9.58 4.93% 1.35 times
12 Thu Sep 2024 9.13 9.00 to 9.24 2.7% 0.8 times
11 Wed Sep 2024 8.89 8.78 to 9.20 -1.88% 0.95 times
10 Tue Sep 2024 9.06 9.00 to 9.36 -0.55% 1.03 times
09 Mon Sep 2024 9.11 9.01 to 9.40 0.11% 1.43 times
06 Fri Sep 2024 9.10 9.08 to 9.10 -0.22% 0.35 times
05 Thu Sep 2024 9.12 9.11 to 9.14 -0.22% 0.32 times

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PRAKASHSTL_BE NEWS why is Prakash Steelage Ltd price falling or rising

 

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