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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 39529

Date Daily Closing Price Open High Low Volume
08 Wed Feb 2023 57.70 55.95 58.70 54.35 1.541 times
07 Tue Feb 2023 55.20 54.10 55.75 53.05 1.345 times
06 Mon Feb 2023 54.05 53.70 54.75 53.20 0.5 times
03 Fri Feb 2023 54.70 55.00 55.55 52.50 1.309 times
02 Thu Feb 2023 54.30 53.15 54.95 52.95 1.133 times
01 Wed Feb 2023 53.30 53.90 56.45 53.00 1.633 times
31 Tue Jan 2023 54.90 53.85 55.30 53.85 0.836 times
30 Mon Jan 2023 53.85 54.35 56.30 53.15 0.881 times
27 Fri Jan 2023 54.95 56.05 56.90 53.25 1.018 times
25 Wed Jan 2023 56.05 56.40 56.55 55.05 0.716 times

My analysis of stock is bullish for shortterm, and stock might move up till 58.9 or till 61.6. Use a stoploss of 56.73 and if this stock hits its stoploss, then it can fall down till 54.52

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 41.85
Downside Target 50.00
Downside Target 52.50
Downside Target 55.05
Downside Target 56.45
Upside Target 58.70
Upside Target 59.45
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 54.27
Downside Intraday Target 50.83
Upside Intraday Target 59.92
Upside Intraday Target 62.13
Downside Intraday Target 56.48

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
08 Wed Feb 2023 57.70 53.70 58.70 53.05 0.585 times
03 Fri Feb 2023 54.70 54.35 56.45 52.50 1.985 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

Price has moved up 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
08 Wed Feb 2023 57.70 53.90 58.70 52.50 0.253 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 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 23, 11, 36 Buy
MACD -2, -2Buy
Stochastics 51None
CCI 207Buy
RSI 58Buy
OBV 135933Sell
VWAP 55Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Pennar Steel in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

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

CCI has generated a buy signal for Pennar Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 54.96 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.

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Daily charts

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Daily chart

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