The short-term outlook is bearish for Prestige Estates Projects. The 5.5 per cent fall on Tuesday has dragged the share price well below the key support level of ₹1,470. Resistance will now be in the ₹1,470-₹1,485 region. Prestige Estates Projects share price can fall to ₹1,330 from here. Traders can go short in Prestige Estates Projects shares now at ₹1,423. Add more shorts on a rise to ₹1,460. Keep the stop-loss at ₹1,495. Trail the stop-loss down to ₹1,405 as soon as the stock falls to ₹1,385. Revise the stop-loss down to ₹1,390 and ₹1,370 when the price touches ₹1,375 and ₹1,360 respectively Exit the shorts at ₹1,340. All the above prices pertain to the cash segment. Traders can take these as the reference price and take short positions in the Futures contract accordingly.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on January 21, 2026
