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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)

Showing technical analysis as on 2021-06-30 View latest technical analysis

10 day averaged volume of Pennar Steel is 223230

Date Daily Closing Price Open High Low Volume
30 Wed Jun 2021 26.65 26.30 27.20 26.30 0.508 times
29 Tue Jun 2021 26.30 26.55 27.00 25.90 0.802 times
28 Mon Jun 2021 26.60 26.60 27.05 26.45 0.414 times
25 Fri Jun 2021 26.50 26.60 27.25 25.75 1.013 times
24 Thu Jun 2021 26.10 26.90 27.25 25.70 0.411 times
23 Wed Jun 2021 26.65 27.50 27.50 26.45 0.61 times
22 Tue Jun 2021 27.20 28.00 28.00 27.05 0.82 times
21 Mon Jun 2021 27.10 26.75 27.80 25.25 1.019 times
18 Fri Jun 2021 26.25 27.40 27.40 23.70 2.147 times
17 Thu Jun 2021 26.90 27.30 28.05 26.80 1.257 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 26.4 as stoploss in an intra day buy trade for a target of 27.07. However, stock will show a bearish move below 26.4.

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 25.97
Downside Intraday Target 25.28
Upside Intraday Target 27.27
Upside Intraday Target 27.88
Downside Intraday Target 26.58

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
30 Wed Jun 2021 26.65 26.60 27.20 25.90 0.445 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 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
30 Wed Jun 2021 26.65 25.80 29.50 23.50 1.288 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 15, 22, 19 Sell
MACD 2, 2Sell
Stochastics 58None
CCI 9Buy
RSI 59Buy
OBV 199181Sell
VWAP 27Buy
ADL 0Sell
ROC -3Sell
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 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 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 Weak and stock is losing 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 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 26.62 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 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.

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