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(PrajayEngs) Prajay Engs complete technical analysis [charts+indicators] | Buy/Sell Prajay Engs | (PrajayEngs) share price targets

Complete technical analysis of Prajay Engs (PrajayEngs) by charts plus indicators, forecast predictions and share price targets for Prajay Engs (PrajayEngs)

Showing technical analysis as on 2023-05-16 View latest technical analysis

10 day averaged volume of Prajay Engs is 7353

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue May 2023	12.17	12.25	12.91	12.05	1.747 times
15 Mon May 2023	12.26	12.60	12.80	12.25	1.362 times
12 Fri May 2023	12.78	12.94	13.19	12.76	1.192 times
11 Thu May 2023	13.04	13.22	13.22	13.03	0 times
10 Wed May 2023	13.10	13.10	13.10	12.80	0.285 times
09 Tue May 2023	12.85	13.25	13.25	12.85	0.047 times
08 Mon May 2023	13.17	13.20	13.41	12.81	1.245 times
05 Fri May 2023	13.11	13.47	13.57	13.03	0.61 times
04 Thu May 2023	13.33	13.05	13.99	13.05	1.284 times
03 Wed May 2023	13.35	13.37	13.57	13.16	2.097 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.4, but if it comes above 12.4, then a intra day buy could be more profitable.
If you take a sell trade below 12.4, then use 12.4 as stoploss and 11.8 as target. However if you take a buy trade in stock , then use 12.4 as stoploss and 12.85 as target.

Share price targets for Prajay Engs (PrajayEngs)

Target Type	Value
Downside Target	9.80
Downside Target	10.49
Downside Target	11.00
Downside Target	11.60
Downside Target	12.05
Upside Target	12.49
Upside Target	12.76
Upside Target	13.41
Upside Target	13.99
Upside Target	14.21
Upside Target	14.40
Upside Target	14.55
Upside Target	17.00

Intraday share price targets for Prajay Engs (PrajayEngs)

Target Type	Value
Downside Intraday Target	11.84
Downside Intraday Target	11.52
Upside Intraday Target	12.7
Upside Intraday Target	13.24
Upside Intraday Target	12.38

Weekly technical analysis of Prajay Engs (PrajayEngs)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue May 2023	12.17	12.60	12.91	12.05	1.123 times
12 Fri May 2023	12.78	13.20	13.41	12.76	0.472 times
05 Fri May 2023	13.11	13.25	13.99	13.00	1.812 times
28 Fri Apr 2023	13.20	12.77	14.21	12.20	0.84 times
21 Fri Apr 2023	12.46	12.03	12.80	11.60	1.724 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Prajay Engs (PrajayEngs)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue May 2023	12.17	13.25	13.99	12.05	0.564 times
28 Fri Apr 2023	13.20	10.95	14.40	10.49	0.451 times
31 Fri Mar 2023	10.13	11.78	12.49	9.80	1.327 times
28 Tue Feb 2023	11.50	14.35	14.55	11.00	0.816 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Prajay Engs (PrajayEngs)

Price action analysis of Prajay Engs ( (PrajayEngs) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Prajay Engs ( (PrajayEngs) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Prajay Engs ( (PrajayEngs) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Prajay Engs stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Prajay Engs in short term but the sell signal is initial and weak.

Prajay Engs Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Prajay Engs in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Prajay Engs is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.87 and Prajay Engs (PrajayEngs) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Prajay Engs (PrajayEngs) stock. Volume based technical analysis of Prajay Engs (PrajayEngs) stock is negative.

Prajay Engs Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.