(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, -2 | Buy |
| Stochastics | 51 | None |
| CCI | 207 | Buy |
| RSI | 58 | Buy |
| OBV | 135933 | Sell |
| VWAP | 55 | Buy |
| ADL | 0 | Sell |
| ROC | 2 | Buy |
| Force Index | 0 | Sell |
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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