PRAKASH trade ideas

AmitDabade Updated 

Neutral for Prakash

Niral

Stock is near support levels but RSI might turn downwards. Stock looks good fundamentally

JahirS

Investor levels indicated in chart

Jeet24

After a good consolidation since early August, the stock seems ripe to continue its next leg going ahead!

danielamruth

Prakash Industries - Need to watch what it does at 156-157 levels. Disclaimer: Educational purpose only to study chart. Not suggesting any trade.

krishnakhanna

New dawn with EMA cycle and TGC on strength candles after 21 candles Retracement Study!

PrashantSarnaik

DOUBLE BOTTOM FAILED BUT BULLS REFUSED TO LOSE AND MANAGED A SUCCESSFUL BREAKOUT IN SECOND ATTEMPT. ITS "RARE"

krishna_inv

Everything explained on the chart...

NamantSatiya Updated 

Prakash Industries has rallied from about 100 to 139 and now has formed a pennant pattern on hourly charts. Also there is a bullish hidden RSI divergence. Buy tomorrow on opening with a strict SL of 132 for a target of 150 and 155 in 2-3days only. Risk to Reward Ratio- 1:4 almost Time frame - 3days only Potential Upside - 10%-12% Goodluck Trading!

NamantSatiya

Prakash Industries has rallied from about 100 to 139 and now has formed a pennant pattern on hourly charts.Also there is a bullish hidden RSI divergence. Buy tomorrow on opening with a strict SL of 132 for a target of 150 and 155 in 2-3days only. Risk to Reward Ratio- 1:4 almost Time frame - 3days only Potential Upside - 10%-12% Goodluck Trading

UnknownUnicorn850025

Stop loss 79

csanjib Updated 

Prakash Industries is forming a bullish Cup and Handle pattern with neckline at 60. Wait for a breakout above 60 to enter for a target of 100

aks85 Updated 

As seen Prakash Industries has formed a Rounding Bottom Pattern on the daily chart. A breakout with volumes would be our entry. Adding it to my watchlist for the time being.

AvinashGaikwad Updated 

looks promising for higher target. Sl 42 do pyramiding( scale in position size).

praveen.bhatiya Updated 

The stock moving vertically after giving the triangle breakout and formed a beautiful pole. The Flag pattern has given breakout with good volume after 5 days of consolidation. One can buy the stock for a target of above 75. One can even continue the stock as there is no resistance. Flags with upward breakouts do well at yearly high which is the case here.

Quickfix

This is an indicator suggesting high activity on a given day and reinforces the current trend.

Girish Updated 

PRAKASH INDUSTRIES is heading towards a resistance zone on the weekly charts near 65-68. A break-out above this zone, will be interesting candidate for long. For now, watch mode. Above the resistance zone, will initiate longs.