Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(PennarSteel) Pennar Steel complete technical analysis [charts+indicators] | Buy/Sell Pennar Steel | (PennarSteel) share price targets

Complete technical analysis of Pennar Steel (PennarSteel) by charts plus indicators, forecast predictions and share price targets for Pennar Steel (PennarSteel)

10 day averaged volume of Pennar Steel is 41566

Date Daily Closing Price Open High Low Volume
02 Thu Feb 2023 54.30 53.15 54.95 52.95 1.078 times
01 Wed Feb 2023 53.30 53.90 56.45 53.00 1.553 times
31 Tue Jan 2023 54.90 53.85 55.30 53.85 0.795 times
30 Mon Jan 2023 53.85 54.35 56.30 53.15 0.838 times
27 Fri Jan 2023 54.95 56.05 56.90 53.25 0.968 times
25 Wed Jan 2023 56.05 56.40 56.55 55.05 0.681 times
24 Tue Jan 2023 56.55 56.05 58.35 56.05 0.598 times
23 Mon Jan 2023 56.90 59.45 59.45 56.75 0.527 times
20 Fri Jan 2023 57.65 59.45 59.50 56.85 0.567 times
19 Thu Jan 2023 59.00 59.35 60.55 58.40 1.034 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.9, but if it comes above 54.9, then a intra day buy could be more profitable.
If you take a sell trade below 54.9, then use 54.9 as stoploss and 52.5 as target. However if you take a buy trade in stock , then use 54.9 as stoploss and 56.97 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 41.85
Downside Target 50.00
Downside Target 52.95
Upside Target 54.95
Upside Target 56.45
Upside Target 59.45
Upside Target 59.60
Upside Target 61.70
Upside Target 62.35
Upside Target 63.30
Upside Target 65.95
Upside Target 70.20

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 52.68
Downside Intraday Target 51.07
Upside Intraday Target 56.18
Upside Intraday Target 58.07
Upside Intraday Target 54.57

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
02 Thu Feb 2023 54.30 54.35 56.45 52.95 1.537 times
27 Fri Jan 2023 54.95 59.45 59.45 53.25 0.319 times
20 Fri Jan 2023 57.65 61.30 61.70 56.85 1.018 times
13 Fri Jan 2023 60.70 55.30 63.30 55.05 1.343 times
06 Fri Jan 2023 56.30 57.85 59.60 54.95 0.692 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Steel (PennarSteel)

Date Monthly Closing Price Open High Low Volume
02 Thu Feb 2023 54.30 53.90 56.45 52.95 0.094 times
31 Tue Jan 2023 54.90 57.85 63.30 53.15 0.577 times
30 Fri Dec 2022 56.75 62.60 65.95 50.00 0.463 times
30 Wed Nov 2022 62.70 59.50 70.20 56.60 1.331 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 Pennar Steel (PennarSteel)

Indicator Name Indicator Value Indicator Signal
ADX 12, 17, 19 Sell
MACD -2, -1Sell
Stochastics 15Sell
CCI -83Sell
RSI 57Buy
OBV -76714Sell
VWAP 55Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) 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 Pennar Steel ( (PennarSteel) ) 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 Pennar Steel ( (PennarSteel) ) based on a short to mid 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 Pennar Steel ( (PennarSteel) ) based on a mid to longer 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.

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

MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.

Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Pennar Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 Pennar Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.44 and Pennar Steel (PennarSteel) 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 Pennar Steel (PennarSteel) stock. Volume based technical analysis of Pennar Steel (PennarSteel) stock is negative.

Pennar Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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

Click here for Pennar Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme