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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 2021-07-07 View latest technical analysis

10 day averaged volume of Pennar Steel is 521575

Date Daily Closing Price Open High Low Volume
07 Wed Jul 2021 32.85 32.35 33.80 30.90 0.926 times
06 Tue Jul 2021 31.70 33.60 34.80 31.10 1.347 times
05 Mon Jul 2021 33.20 32.15 34.40 30.75 1.062 times
02 Fri Jul 2021 32.15 31.60 33.15 30.80 1.74 times
01 Thu Jul 2021 31.35 26.85 31.95 26.65 4.242 times
30 Wed Jun 2021 26.65 26.30 27.20 26.30 0.218 times
29 Tue Jun 2021 26.30 26.55 27.00 25.90 0.343 times
28 Mon Jun 2021 26.60 26.60 27.05 26.45 0.177 times
25 Fri Jun 2021 26.50 26.60 27.25 25.75 0.433 times
24 Thu Jun 2021 26.10 26.90 27.25 25.70 0.176 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 33.5, for a target of 30.7 or 28.33

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 16.25
Downside Target 17.75
Downside Target 19.50
Downside Target 21.70
Downside Target 23.50
Downside Target 25.25
Downside Target 25.90
Downside Target 26.65
Downside Target 28.00
Downside Target 29.25
Downside Target 29.50
Downside Target 30.75
Upside Target 33.15
Upside Target 34.80

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 30.8
Downside Intraday Target 28.75
Upside Intraday Target 34.85
Upside Intraday Target 36.85
Downside Intraday Target 32.8

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
07 Wed Jul 2021 32.85 32.15 34.80 30.75 0.496 times
02 Fri Jul 2021 32.15 26.60 33.15 25.90 4.056 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

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
07 Wed Jul 2021 32.85 26.85 34.80 26.65 0.54 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 29, 10, 49 Buy
MACD 4, 3Buy
Stochastics 77Buy
CCI 80Sell
RSI 64Buy
OBV 1767074Sell
VWAP 31Buy
ADL 0Sell
ROC 23Buy
Force Index 0Sell

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 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 losing 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 tired and bears are picking up momentum.

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 SELL signal for Pennar Steel in short term but SELL signal is weak.

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

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 31.22 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.

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