[moreButton]
 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)

Showing technical analysis as on 2021-06-29 View latest technical analysis

10 day averaged volume of Pennar Steel is 229322

Date Daily Closing Price Open High Low Volume
29 Tue Jun 2021 26.30 26.55 27.00 25.90 0.781 times
28 Mon Jun 2021 26.60 26.60 27.05 26.45 0.403 times
25 Fri Jun 2021 26.50 26.60 27.25 25.75 0.986 times
24 Thu Jun 2021 26.10 26.90 27.25 25.70 0.4 times
23 Wed Jun 2021 26.65 27.50 27.50 26.45 0.594 times
22 Tue Jun 2021 27.20 28.00 28.00 27.05 0.798 times
21 Mon Jun 2021 27.10 26.75 27.80 25.25 0.992 times
18 Fri Jun 2021 26.25 27.40 27.40 23.70 2.09 times
17 Thu Jun 2021 26.90 27.30 28.05 26.80 1.224 times
16 Wed Jun 2021 27.60 28.50 28.50 27.20 1.468 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 26.4, but if it comes above 26.4, then a intra day buy could be more profitable.
If you take a sell trade below 26.4, then use 26.4 as stoploss and 25.6 as target. However if you take a buy trade in stock , then use 26.4 as stoploss and 27.03 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 16.25
Downside Target 17.75
Downside Target 19.50
Downside Target 20.20
Downside Target 21.70
Downside Target 23.50
Downside Target 25.25
Downside Target 25.90
Upside Target 26.75
Upside Target 28.00
Upside Target 29.25
Upside Target 29.50

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 25.78
Downside Intraday Target 25.27
Upside Intraday Target 26.93
Upside Intraday Target 27.57
Upside Intraday Target 26.42

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
29 Tue Jun 2021 26.30 26.60 27.05 25.90 0.314 times
25 Fri Jun 2021 26.50 26.75 28.00 25.25 0.484 times
18 Fri Jun 2021 26.25 27.80 29.25 23.70 0.574 times
11 Fri Jun 2021 27.30 28.95 29.50 26.75 0.867 times
04 Fri Jun 2021 26.30 24.50 28.00 23.50 1.035 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
29 Tue Jun 2021 26.30 25.80 29.50 23.50 1.272 times
31 Mon May 2021 25.45 18.00 25.95 17.75 8.553 times
30 Fri Apr 2021 18.00 16.65 19.50 16.40 0.544 times
31 Wed Mar 2021 16.25 20.70 21.70 16.25 3.002 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 14, 24, 25 Sell
MACD 2, 3Sell
Stochastics 52None
CCI -57Sell
RSI 60Buy
OBV -315242Sell
VWAP 27Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short 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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 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 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 26.76 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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