(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 2021-07-01 View latest technical analysis
10 day averaged volume of Pennar Steel is 200919
|Date||Daily Closing Price||Open||High||Low||Volume|
|01 Thu Jul 2021||31.35||26.85||31.95||26.65||11.013 times|
|30 Wed Jun 2021||26.65||26.30||27.20||26.30||0.565 times|
|29 Tue Jun 2021||26.30||26.55||27.00||25.90||0.892 times|
|28 Mon Jun 2021||26.60||26.60||27.05||26.45||0.46 times|
|25 Fri Jun 2021||26.50||26.60||27.25||25.75||1.125 times|
|24 Thu Jun 2021||26.10||26.90||27.25||25.70||0.456 times|
|23 Wed Jun 2021||26.65||27.50||27.50||26.45||0.677 times|
|22 Tue Jun 2021||27.20||28.00||28.00||27.05||0.911 times|
|21 Mon Jun 2021||27.10||26.75||27.80||25.25||1.132 times|
|18 Fri Jun 2021||26.25||27.40||27.40||23.70||2.385 times|
Stock of Pennar Steel (PennarSteel) has showed a significant upmove. This could be a good time to enter in this stock!
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 29.8, for a target of 28.4 or 27.27
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||27.52|
|Downside Intraday Target||23.68|
|Upside Intraday Target||33.57|
|Upside Intraday Target||35.78|
|Downside Intraday Target||29.73|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|01 Thu Jul 2021||31.35||26.60||31.95||25.90||3.006 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Pennar Steel (PennarSteel)
|Date||Monthly Closing Price||Open||High||Low||Volume|
|01 Thu Jul 2021||31.35||26.85||31.95||26.65||0.246 times|
|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|
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||36, 16, 37||Buy|
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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 29.25 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.