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(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 78824

Date Daily Closing Price Open High Low Volume
23 Fri Sep 2022 45.20 47.70 48.45 45.05 0.69 times
22 Thu Sep 2022 48.05 48.90 49.25 47.50 0.37 times
21 Wed Sep 2022 48.50 48.95 50.10 47.75 0.944 times
20 Tue Sep 2022 48.90 46.10 49.60 46.10 1.15 times
19 Mon Sep 2022 46.60 45.40 47.35 45.05 0.684 times
16 Fri Sep 2022 45.40 47.95 48.75 44.00 1.602 times
15 Thu Sep 2022 47.35 48.00 48.45 47.00 0.271 times
14 Wed Sep 2022 47.85 47.95 48.30 46.10 0.857 times
13 Tue Sep 2022 47.80 46.95 48.35 46.95 0.924 times
12 Mon Sep 2022 47.50 48.10 49.00 47.25 0.826 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 44.3 as stoploss in an intra day buy trade for a target of 46.43. However, stock will show a bearish move below 44.3.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.05
Downside Target 33.00
Downside Target 35.75
Downside Target 36.65
Downside Target 38.45
Downside Target 40.85
Downside Target 44.00
Downside Target 45.00
Upside Target 46.05
Upside Target 46.50
Upside Target 49.00
Upside Target 50.10

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 43.47
Downside Intraday Target 41.73
Upside Intraday Target 48.52
Upside Intraday Target 51.83
Upside Intraday Target 46.78

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
23 Fri Sep 2022 45.20 45.40 50.10 45.05 0.856 times
16 Fri Sep 2022 45.40 48.10 49.00 44.00 0.286 times
09 Fri Sep 2022 47.80 46.65 50.10 45.00 1.746 times
02 Fri Sep 2022 46.20 39.15 46.50 39.15 0.835 times
26 Fri Aug 2022 42.75 44.50 46.05 40.85 1.62 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Pennar Steel (PennarSteel)

Date Monthly Closing Price Open High Low Volume
23 Fri Sep 2022 45.20 42.55 50.10 42.00 1.345 times
30 Tue Aug 2022 42.65 39.85 46.05 36.65 2.231 times
29 Fri Jul 2022 38.55 36.30 41.35 35.75 1.469 times
30 Thu Jun 2022 36.20 36.85 38.45 31.05 0.416 times

Scroll below to view daily charts

Price has moved up 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 19, 24, 13 Sell
MACD 3, 4Sell
Stochastics 53None
CCI -108Sell
RSI 52Buy
OBV 996644Sell
VWAP 47Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 but the sell signal is initial and weak.

Pennar Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 positive zone. This is a BUY zone

Stock of Pennar Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 47.23 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 positive

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

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Daily charts

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Daily chart

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