Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 247255

Date Daily Closing Price Open High Low Volume
17 Mon Jan 2022 38.95 37.50 39.75 37.10 1.993 times
14 Fri Jan 2022 37.40 35.90 38.00 35.70 0.979 times
13 Thu Jan 2022 36.00 36.75 37.65 34.80 1.607 times
12 Wed Jan 2022 36.35 37.65 38.40 36.20 0.592 times
11 Tue Jan 2022 37.35 37.50 39.40 36.25 2.065 times
10 Mon Jan 2022 37.20 35.30 37.90 33.85 1.623 times
07 Fri Jan 2022 34.65 35.45 35.75 34.20 0.383 times
06 Thu Jan 2022 34.70 35.00 35.60 34.30 0.471 times
05 Wed Jan 2022 35.35 34.60 36.25 34.15 0.607 times
04 Tue Jan 2022 33.95 36.00 36.45 33.55 0.811 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 39.6, for a target of 36.9 or 34.75

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 25.70
Downside Target 27.05
Downside Target 29.70
Downside Target 30.80
Downside Target 31.50
Downside Target 36.45
Downside Target 37.10
Downside Target 37.95
Upside Target 39.40
Upside Target 39.75

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 37.45
Downside Intraday Target 35.95
Upside Intraday Target 40.1
Upside Intraday Target 41.25
Downside Intraday Target 38.6

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
17 Mon Jan 2022 38.95 37.50 39.75 37.10 0.29 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
24 Fri Dec 2021 31.05 30.25 33.00 29.70 1.125 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
17 Mon Jan 2022 38.95 35.95 39.75 33.55 0.683 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, 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 29, 10, 47 Buy
MACD 3, 3Buy
Stochastics 65None
CCI 146Buy
RSI 65Buy
OBV 2641593Sell
VWAP 37Buy
ADL 0Sell
ROC 11Buy
Force Index 0Sell

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 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 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 Strong and stock is gaining momentum.

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

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 36.81 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 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

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme