Prakash Steelage Ltd

Stage 4 · Declining · week 15

As of 16 Oct 2026, Prakash Steelage is in Stage 4 — declining, a downtrend, in week 15 (since 7 Jul 2026). It closed at ₹3.4, 43.3% below its 52-week high and below its 200-day average, which is falling. In Industrials, 26.3% of stocks are in Stage 2.

Prakash Steelage Limited manufactures and trades in stainless steel welded pipes and tubes in India. More about the company

₹3.4
-0.87% today
₹60 Cr · Micro cap
Market Neutral — FadingIndustrials 26.3% in Stage 2-1.5 pts / 20dBuilding Products - Pipes 39.1%-8.7 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Steady

Edge

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Is PRAKASHSTL early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-43.3%
₹3.4 lo₹6 hi
43.3% below 52W high — deep Stage 4 damage
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 15
1w13w26w
Week 15 — established downtrend
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-20.8%
200 DMA: ₹4.3 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
0.44x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -4.1% vs MA50 -5.1%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-9.1%
3M
-16.9%
6M
-30.9%
YTD
-14.6%
1Y
-35.1%
Sector
Industrials
↓ Peaking
Stage 2%
26.3%
20d Δ
-1.5pp
1M return
-0.9%
3M return
-2.4%
Sector Stage-2 % · last 20 days
Sector has 129 Stage 2 leaders. See Industrials Stage 2 →
Industry
Building Products - Pipes
↓ Peaking
Stage 2%
39.1%
20d Δ
-8.7pp
1M return
+2.8%
3M return
+11.6%
Industry Stage-2 % · last 20 days
Industry has 9 Stage 2 leaders. See Building Products - Pipes Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 18w
S4 67w
S4 15w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S4 3w → S1 1w → S2 13w → S3 4w → S2 13w → S3 11w → S2 18w → S4 67w → S1 2w → S4 2w → S1 3w → S4 8w → S1 9w → S4 15w current
Total tracked: 169 weeks across 14 stage runs.
Scan Membership
Breakout Watch
Latest: 2024-06-05
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S4
Wk 15 · Vol 0.44x
2026-10-15S4
Wk 15 · Vol 0.27x
2026-10-14S4
Wk 14 · Vol 2.37x
2026-10-13S4
Wk 14 · Vol 0.97x
2026-10-12S4
Wk 14 · Vol 1.64x
2026-10-09S4
Wk 14 · Vol 0.91x
2026-10-08S4
Wk 14 · Vol 0.61x
2026-10-07S4
Wk 13 · Vol 0.83x
2026-10-06S4
Wk 13 · Vol 0.43x
2026-10-05S4
Wk 13 · Vol 0.40x
2026-10-01S4
Wk 13 · Vol 1.07x
2026-09-30S4
Wk 13 · Vol 0.76x
Sector Peers — Stage 2All →
BHAGYANGR
wk 25 · 0.0% from hi
9.8
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHIVAUM
wk 28 · 0.0% from hi
8.4
SHREEJISPG
wk 17 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
Moving averages & range
50 DMA
₹3.7
200 DMA
₹4.3
52W High
₹6
52W Low
₹3.4
5D Low
₹3.4
Resistance levels (recent highs)
20d High
₹3.7
60d High
₹4.1
120d High
₹4.8
250d High
₹6
Next resistance
+9.4%
to 20d High
Ask the Market AI about PRAKASHSTLAsk →
P/E (TTM)
76.0
Forward —
Earnings Growth (YoY)
-50.0%
Revenue +27.1%
About this companyIndustrials· Building Products - Pipes

Prakash Steelage Limited manufactures and trades in stainless steel welded pipes and tubes in India. The company offers large diameter pipes; welded instrumentation tubes; welded heat exchanger tubes; condenser tubes, and tubes for critical applications; and welded EFW pipes. It serves the boilers, automobiles, breweries, chemical and fertilizers, condensers, pharmaceuticals, and pump valves industries. The company exports its products. Prakash Steelage Limited was incorporated in 1991 and is based in Mumbai, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.