Posted On: September 21, 2023

Stock Report: PRAKASH(NSE) 20 Sep 2023

Outlook: Bullish

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 135 to 147. 

In comparison to the previous month, the price of the stock has experienced an increase of 54.94% 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 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 5 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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