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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)

10 day averaged volume of Pennar Steel is 67736

Date Daily Closing Price Open High Low Volume
27 Fri Jan 2023 54.95 56.05 56.90 53.25 0.594 times
25 Wed Jan 2023 56.05 56.40 56.55 55.05 0.418 times
24 Tue Jan 2023 56.55 56.05 58.35 56.05 0.367 times
23 Mon Jan 2023 56.90 59.45 59.45 56.75 0.323 times
20 Fri Jan 2023 57.65 59.45 59.50 56.85 0.348 times
19 Thu Jan 2023 59.00 59.35 60.55 58.40 0.634 times
18 Wed Jan 2023 59.25 58.70 60.50 58.45 1.497 times
17 Tue Jan 2023 58.70 61.05 61.05 58.10 1.724 times
16 Mon Jan 2023 59.90 61.30 61.70 59.50 1.137 times
13 Fri Jan 2023 60.70 59.75 63.30 59.35 2.337 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 54.4, for a target of 56.2 or 57.66

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 40.10
Downside Target 41.85
Downside Target 50.00
Downside Target 53.25
Downside Target 54.95
Upside Target 56.60
Upside Target 58.75
Upside Target 61.70
Upside Target 62.35
Upside Target 63.30
Upside Target 65.95
Upside Target 70.20

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 52.32
Downside Intraday Target 49.68
Upside Intraday Target 58.52
Upside Intraday Target 62.08
Upside Intraday Target 55.88

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
27 Fri Jan 2023 54.95 59.45 59.45 53.25 0.319 times
20 Fri Jan 2023 57.65 61.30 61.70 56.85 1.018 times
13 Fri Jan 2023 60.70 55.30 63.30 55.05 1.343 times
06 Fri Jan 2023 56.30 57.85 59.60 54.95 0.692 times
30 Fri Dec 2022 56.75 50.40 58.75 50.40 0.733 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
27 Fri Jan 2023 54.95 57.85 63.30 53.25 0.544 times
30 Fri Dec 2022 56.75 62.60 65.95 50.00 0.463 times
30 Wed Nov 2022 62.70 59.50 70.20 56.60 1.331 times
31 Mon Oct 2022 59.50 41.90 62.35 41.85 1.248 times

Scroll below to view daily charts

Price has moved down 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 11, 25, 37 Sell
MACD -1, -1Sell
Stochastics 16Sell
CCI -137Sell
RSI 60Buy
OBV -113712Sell
VWAP 59Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.

Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Pennar Steel in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 58.91 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Pennar Steel charts

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Daily charts

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Daily chart

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