PRAKASH - Wonderful swing trading setupThe price has been consolidating since October 2023, with the ₹148 level establishing itself as a strong support zone. All previous reversals from this support, highlighted with green arrows, indicate its significance. Last week, the price formed a bullish engulfing pattern on the weekly timeframe,
19.73 INR
3.48 B INR
36.78 B INR
94.19 M
About PRAKASH INDUSTRIES LTD
Sector
Industry
Website
Headquarters
New Delhi
Founded
1980
ISIN
INE603A01013
FIGI
BBG000CXYWX9
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 (Prakash Industries Limited)- AnalysisBullish Levels -day closing above 181 (early entry risky) then 192 or 210 (safe entry if day closing above this) first target is around 295 and then 330 if sustains above this then long term targets can be around 1300+
Bearish levels :- Day closing below 158 SL for swing trade then 140 or 123 st
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 INDUSTRIES (Breakout Soon)Entry-Above BoS level (DCB)
Risk taker enter at CMP
Levels-Given on chart
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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
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Strong sellStrong buy
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Oscillators
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of PRAKASH is 177.08 INR — it has increased by 2.99% 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 NSE exchange PRAKASH INDUSTRIES LTD stocks are traded under the ticker PRAKASH.
PRAKASH stock has risen by 8.68% compared to the previous week, the month change is a 12.40% rise, over the last year PRAKASH INDUSTRIES LTD has showed a 1.19% increase.
PRAKASH reached its all-time high on Jan 1, 2008 with the price of 308.70 INR, and its all-time low was 0.91 INR and was reached on Sep 17, 2001. 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 9.01% volatile and has beta coefficient of 1.09. 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 33.28 B, it has decreased by −1.15% 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 837.40 M INR, while the quarter before that showed 903.90 M INR of net income which accounts for −7.36% 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 0.65%. 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 Apr 25, 2025, 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 5.11 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 strong buy. 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.