Posted On: October 12, 2023

Stock Report:  #PRAKASH (#NSE) 11 Oct 2023

Outlook: Bearish

Sector: Basic Materials 

Industry: Steel 

Prakash Industries Ltd is engaged in the manufacturing and sale of iron and steel products. Its products include sponge iron, wire rod, TMT bars, ferroalloys, and others. 

#xCalData predicts that # PRAKASH will continue its bullish phase over the next five days and trend within the range of 169 to 195. 

  

 
In comparison to the previous month, the price of the stock has experienced an increase of 37.58% indicating a bullish. 

The Stock has doubled thrice since 07 Sep 2015 and took an average of 0.8 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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