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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 2021-07-20 View latest technical analysis

10 day averaged volume of Pennar Steel is 492153

Date Daily Closing Price Open High Low Volume
20 Tue Jul 2021 34.30 35.70 36.25 33.60 0.465 times
19 Mon Jul 2021 35.55 36.60 37.05 35.30 0.489 times
16 Fri Jul 2021 36.60 36.60 38.35 35.70 1.437 times
15 Thu Jul 2021 35.85 35.15 36.40 33.50 0.867 times
14 Wed Jul 2021 34.80 37.00 37.00 34.70 1.009 times
13 Tue Jul 2021 35.35 31.95 36.50 31.60 2.686 times
12 Mon Jul 2021 31.95 32.10 32.85 31.50 0.397 times
09 Fri Jul 2021 31.95 31.75 32.65 30.95 0.342 times
08 Thu Jul 2021 31.40 34.00 34.00 31.05 0.364 times
07 Wed Jul 2021 32.85 32.35 33.80 30.90 0.981 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 34.9 as stoploss in an intra day sell trade for a target of 31.39. However, stock will show a bullish move above 34.9.

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 29.50
Downside Target 30.75
Downside Target 31.50
Downside Target 33.15
Upside Target 34.80
Upside Target 37.05
Upside Target 38.35

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 32.92
Downside Intraday Target 31.53
Upside Intraday Target 36.37
Upside Intraday Target 38.43
Upside Intraday Target 34.98

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
20 Tue Jul 2021 34.30 36.60 37.05 33.60 0.149 times
16 Fri Jul 2021 36.60 32.10 38.35 31.50 1.509 times
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

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
20 Tue Jul 2021 34.30 26.85 38.35 26.65 0.98 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 28, 16, 26 Buy
MACD 5, 5Buy
Stochastics 62None
CCI 24Sell
RSI 61Buy
OBV 5142763Sell
VWAP 35Sell
ADL 0Sell
ROC 8Buy
Force Index 0Sell

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 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.

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 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 coming down

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 positive zone. This is a BUY 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 34.78 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. 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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