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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 98516

Date Daily Closing Price Open High Low Volume
14 Thu Oct 2021 29.80 29.95 30.65 29.65 1.01 times
13 Wed Oct 2021 29.90 30.35 30.95 29.80 1.253 times
12 Tue Oct 2021 30.20 30.85 31.00 30.10 0.857 times
11 Mon Oct 2021 30.40 30.00 30.80 29.80 0.697 times
08 Fri Oct 2021 29.80 31.00 31.00 29.50 0.981 times
07 Thu Oct 2021 30.30 30.45 31.50 30.20 1.234 times
06 Wed Oct 2021 30.50 31.15 31.75 30.00 1.034 times
05 Tue Oct 2021 30.80 29.10 31.30 28.65 2.258 times
04 Mon Oct 2021 28.90 29.05 29.70 28.70 0.37 times
01 Fri Oct 2021 28.75 29.70 29.70 28.55 0.773 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 30.2 as stoploss in an intra day sell trade for a target of 29.37. However, stock will show a bullish move above 30.2.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 23.50
Downside Target 26.65
Downside Target 27.55
Downside Target 28.55
Downside Target 29.50
Upside Target 31.00
Upside Target 31.75
Upside Target 32.40
Upside Target 42.70
Upside Target 42.90

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 29.3
Downside Intraday Target 28.8
Upside Intraday Target 30.65
Upside Intraday Target 31.5
Upside Intraday Target 30.15

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
14 Thu Oct 2021 29.80 30.00 31.00 29.65 0.649 times
08 Fri Oct 2021 29.80 29.05 31.75 28.65 1.611 times
01 Fri Oct 2021 28.75 28.35 29.85 27.60 0.849 times
24 Fri Sep 2021 28.35 30.20 30.20 27.90 0.761 times
17 Fri Sep 2021 30.00 29.95 32.40 29.50 1.909 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
14 Thu Oct 2021 29.80 29.70 31.75 28.55 0.568 times
30 Thu Sep 2021 29.00 30.75 32.40 27.60 0.382 times
31 Tue Aug 2021 30.90 41.05 42.70 27.55 0.333 times
30 Fri Jul 2021 40.90 26.85 42.90 26.65 1.586 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 16, 16, 0 Sell
MACD -0, -1Buy
Stochastics 46None
CCI -9Sell
RSI 70Buy
OBV -948949Sell
VWAP 30Sell
ADL 0Sell
ROC 3Buy
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid 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 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 losing 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. Bears 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 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 and the buying is gaining 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 30.12 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. 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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