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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 2021-07-09 View latest technical analysis

10 day averaged volume of Pennar Steel is 564985

Date Daily Closing Price Open High Low Volume
09 Fri Jul 2021 31.95 31.75 32.65 30.95 0.298 times
08 Thu Jul 2021 31.40 34.00 34.00 31.05 0.317 times
07 Wed Jul 2021 32.85 32.35 33.80 30.90 0.855 times
06 Tue Jul 2021 31.70 33.60 34.80 31.10 1.243 times
05 Mon Jul 2021 33.20 32.15 34.40 30.75 0.981 times
02 Fri Jul 2021 32.15 31.60 33.15 30.80 1.607 times
01 Thu Jul 2021 31.35 26.85 31.95 26.65 3.917 times
30 Wed Jun 2021 26.65 26.30 27.20 26.30 0.201 times
29 Tue Jun 2021 26.30 26.55 27.00 25.90 0.317 times
28 Mon Jun 2021 26.60 26.60 27.05 26.45 0.163 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 31.3, but if it comes below 31.3, then a intra day sell could be more profitable.
If you take a sell trade below 31.3, then use 31.3 as stoploss and 28.74 as target. However if you take a buy trade in stock , then use 31.3 as stoploss and 34.3 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 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 30.2
Downside Intraday Target 28.45
Upside Intraday Target 34.25
Upside Intraday Target 36.55
Upside Intraday Target 32.5

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
09 Fri Jul 2021 31.95 32.15 34.80 30.75 0.595 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 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
09 Fri Jul 2021 31.95 26.85 34.80 26.65 0.578 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 24, 9, 47 Buy
MACD 4, 4Buy
Stochastics 70None
CCI 42Sell
RSI 60Buy
OBV 2611933Sell
VWAP 32Buy
ADL 0Sell
ROC 21Buy
Force Index 0Sell

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

RSI is generating a BUY signal in short term but buying is losing 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 31.52 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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