(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 575530
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Tue Jan 2022 | 41.15 | 39.50 | 42.25 | 37.95 | 0.42 times |
| 24 Mon Jan 2022 | 39.00 | 42.50 | 44.80 | 37.80 | 0.782 times |
| 21 Fri Jan 2022 | 43.45 | 45.65 | 47.00 | 42.20 | 0.993 times |
| 20 Thu Jan 2022 | 45.85 | 45.10 | 47.95 | 43.40 | 1.775 times |
| 19 Wed Jan 2022 | 45.25 | 40.75 | 45.90 | 40.30 | 1.739 times |
| 18 Tue Jan 2022 | 40.75 | 39.60 | 44.35 | 38.15 | 1.602 times |
| 17 Mon Jan 2022 | 38.95 | 37.50 | 39.75 | 37.10 | 0.856 times |
| 14 Fri Jan 2022 | 37.40 | 35.90 | 38.00 | 35.70 | 0.421 times |
| 13 Thu Jan 2022 | 36.00 | 36.75 | 37.65 | 34.80 | 0.691 times |
| 12 Wed Jan 2022 | 36.35 | 37.65 | 38.40 | 36.20 | 0.254 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 41.4 as stoploss in an intra day sell trade for a target of 37.91. However, stock will show a bullish move above 41.4.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 25.70 |
| Downside Target | 27.05 |
| Downside Target | 30.80 |
| Downside Target | 31.50 |
| Downside Target | 33.55 |
| Downside Target | 36.45 |
| Downside Target | 37.80 |
| Downside Target | 37.95 |
| Downside Target | 39.40 |
| Upside Target | 44.80 |
| Upside Target | 47.95 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 37.7 |
| Downside Intraday Target | 34.25 |
| Upside Intraday Target | 44.7 |
| Upside Intraday Target | 48.25 |
| Upside Intraday Target | 41.25 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Tue Jan 2022 | 41.15 | 42.50 | 44.80 | 37.80 | 0.173 times |
| 21 Fri Jan 2022 | 43.45 | 37.50 | 47.95 | 37.10 | 2.361 times |
| 14 Fri Jan 2022 | 37.40 | 35.30 | 39.40 | 33.85 | 2.192 times |
| 07 Fri Jan 2022 | 34.65 | 35.95 | 36.45 | 33.55 | 0.443 times |
| 31 Fri Dec 2021 | 35.95 | 32.05 | 37.95 | 30.80 | 1.997 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 |
| 25 Tue Jan 2022 | 41.15 | 35.95 | 47.95 | 33.55 | 1.652 times |
| 31 Fri Dec 2021 | 35.95 | 28.35 | 37.95 | 27.05 | 2.591 times |
| 30 Tue Nov 2021 | 27.20 | 27.50 | 31.50 | 25.70 | 0.908 times |
| 29 Fri Oct 2021 | 27.50 | 29.70 | 32.05 | 27.45 | 1.016 times |
Scroll below to view daily charts
Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Pennar Steel (PennarSteel)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 24, 17, 18 | Buy |
| MACD | 5, 5 | Buy |
| Stochastics | 49 | None |
| CCI | -0 | Sell |
| RSI | 57 | Buy |
| OBV | 4151596 | Sell |
| VWAP | 42 | Sell |
| ADL | 0 | Sell |
| ROC | 10 | Buy |
| Force Index | 0 | Sell |
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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.
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 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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 41.91 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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