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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 2021-07-22 View latest technical analysis

10 day averaged volume of Pennar Steel is 444775

Date Daily Closing Price Open High Low Volume
22 Thu Jul 2021 37.45 34.65 37.80 34.45 1.189 times
20 Tue Jul 2021 34.30 35.70 36.25 33.60 0.514 times
19 Mon Jul 2021 35.55 36.60 37.05 35.30 0.541 times
16 Fri Jul 2021 36.60 36.60 38.35 35.70 1.59 times
15 Thu Jul 2021 35.85 35.15 36.40 33.50 0.96 times
14 Wed Jul 2021 34.80 37.00 37.00 34.70 1.117 times
13 Tue Jul 2021 35.35 31.95 36.50 31.60 2.972 times
12 Mon Jul 2021 31.95 32.10 32.85 31.50 0.439 times
09 Fri Jul 2021 31.95 31.75 32.65 30.95 0.379 times
08 Thu Jul 2021 31.40 34.00 34.00 31.05 0.403 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 35.5, but if it comes below 35.5, then a intra day sell could be more profitable.
If you take a sell trade below 35.5, then use 35.5 as stoploss and 31.93 as target. However if you take a buy trade in stock , then use 35.5 as stoploss and 39.9 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 29.50
Downside Target 30.75
Downside Target 31.50
Downside Target 33.15
Downside Target 34.80
Upside Target 37.80
Upside Target 38.35

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 34.77
Downside Intraday Target 32.08
Upside Intraday Target 38.97
Upside Intraday Target 40.48
Downside Intraday Target 36.28

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
22 Thu Jul 2021 37.45 36.60 37.80 33.60 0.317 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 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
22 Thu Jul 2021 37.45 26.85 38.35 26.65 1.039 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 30, 14, 36 Buy
MACD 5, 5Buy
Stochastics 65None
CCI 89Buy
RSI 65Buy
OBV 5488600Sell
VWAP 35Buy
ADL 0Sell
ROC 14Buy
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 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 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 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 and the buying is gaining 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 35.31 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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