PRAKASH - Support and Engulfing CandlePrice consolidate since October 2023 and it formed engulfing like candle previous month. Our first target will be 200 and we can wait until it reach upper resistance line (Yellow color) after partial booking.
19.55 INR
3.48 B INR
36.78 B INR
94.19 M
About PRAKASH INDUSTRIES LTD
Sector
Industry
Headquarters
New Delhi
Website
Founded
1980
ISIN
INE603A01013
FIGI
BBG000CXYVQ9
Prakash Industries Ltd. engages in the businesses of mining, wind power, and steel and power generation. The company was founded by Basu Dev Agarwal on July 31, 1980 and is headquartered in New Delhi, India.
Prakash Industries is showing a biuld up near the all time high.A strong build up is showing in the daily chart of Prakash Industries .
The Q1 FY25 is also good.
A further rally towards its ATH with a 35% target I am expecting in this chart.
SL is below the weekly candle low or next and last support at 178 level. Beyond that my view will be invalid.
PE is lowe
PRAKASH INDUSTRIES -A BREAKOUT : WILL IT SUSTAIN OR FIZZLE OUT ?Prakash Industries Ltd. is an interesting chart with following
1. Price Breakout from last 10 month's Consolidation
2. RSI on all time frames above 60
3. Narrowing Bollinger Bands with price walking on upper Bollinger Band
4. Price Rise with huge Volume bars
5. Major Support near 170- 192 zone
Prakash Industries Ltd (PRAKASH)PRAKASH has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment.
Key Observations
Cup and Handle Formation: The chart appears to be forming a "Cup and Ha
High risk, high reward with 15 yrs breakoutExcellent long term resistance breakout in Prakash.
Looks great opportunity above 220-221
This is risky as usually give huge swings (both up & down) and should be avoided by new traders.
Entry - 220/221
SL - 199 (Day closing)
Target - 249, 254, 279
Thanks
Piyush Gupta
Learn & Earn
PRAKASH - Weekly AnalysisIn the Weekly Chart of PRAKASH ,
we can see that, it is leading very Big Cup & Handle breakout.
Expected momentum is shown in chart.
Prakash Industries, setting up from strong sector-One simple horizontal line setup
-Volume kicking in
-Strong Sector
-Iron n Steel (Metals)
-Signal candle (white dot, when more than 5% move with more than 1M volumes) suggesting big players are buying
PRAKASH INDUSTRIES (Breakout Soon)Entry-Above BoS level (DCB)
Risk taker enter at CMP
Levels-Given on chart
.
I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regardin
Prakash : The lights return?A VCP seems to be completed, BO confirms above 203 dcb, closure above 203 is needed to continue this up journey, good upmove can be seen.
Channel Break out watch outTrading in the same channel since 2008 took the support of the same channel multiple times, 200 is the watch-out level, and Breakout can give a good move. # Manage your Risk # For Learning purpose only
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of PRAKASH is 169.25 INR — it has increased by 0.30% in the past 24 hours. Watch PRAKASH INDUSTRIES LTD. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange PRAKASH INDUSTRIES LTD. stocks are traded under the ticker PRAKASH.
PRAKASH stock has risen by 1.38% compared to the previous week, the month change is a 11.35% rise, over the last year PRAKASH INDUSTRIES LTD. has showed a 10.30% increase.
PRAKASH reached its all-time high on Jan 1, 2008 with the price of 308.20 INR, and its all-time low was 3.85 INR and was reached on Jun 28, 2004. View more price dynamics on PRAKASH chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
PRAKASH stock is 2.71% volatile and has beta coefficient of 1.28. Track PRAKASH INDUSTRIES LTD. stock price on the chart and check out the list of the most volatile stocks — is PRAKASH INDUSTRIES LTD. there?
Today PRAKASH INDUSTRIES LTD. has the market capitalization of 30.22 B, it has decreased by −3.76% over the last week.
Yes, you can track PRAKASH INDUSTRIES LTD. financials in yearly and quarterly reports right on TradingView.
PRAKASH net income for the last quarter is 903.90 M INR, while the quarter before that showed 904.90 M INR of net income which accounts for −0.11% change. Track more PRAKASH INDUSTRIES LTD. financial stats to get the full picture.
Yes, PRAKASH dividends are paid annually. The last dividend per share was 1.20 INR. As of today, Dividend Yield (TTM)% is 0.71%. Tracking PRAKASH INDUSTRIES LTD. dividends might help you take more informed decisions.
PRAKASH INDUSTRIES LTD. dividend yield was 0.72% in 2023, and payout ratio reached 6.17%. The year before the numbers were 0.00% and 0.00% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 28, 2024, the company has 2.43 K employees. See our rating of the largest employees — is PRAKASH INDUSTRIES LTD. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. PRAKASH INDUSTRIES LTD. EBITDA is 5.10 B INR, and current EBITDA margin is 13.86%. See more stats in PRAKASH INDUSTRIES LTD. financial statements.
Like other stocks, PRAKASH shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade PRAKASH INDUSTRIES LTD. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So PRAKASH INDUSTRIES LTD. technincal analysis shows the buy rating today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating PRAKASH INDUSTRIES LTD. stock shows the buy signal. See more of PRAKASH INDUSTRIES LTD. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.