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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 35260

Date Daily Closing Price Open High Low Volume
08 Mon Aug 2022 37.60 37.80 38.60 37.30 0.481 times
05 Fri Aug 2022 37.50 37.60 38.10 37.20 0.29 times
04 Thu Aug 2022 37.75 37.80 38.00 37.20 1.562 times
03 Wed Aug 2022 37.50 37.00 38.15 37.00 0.564 times
02 Tue Aug 2022 37.50 37.90 38.40 37.40 1.321 times
01 Mon Aug 2022 37.95 39.85 39.85 37.85 0.923 times
30 Sat Jul 2022 38.55 38.65 38.85 37.95 0.956 times
28 Thu Jul 2022 38.40 39.95 39.95 37.20 0.883 times
27 Wed Jul 2022 37.45 37.35 37.55 36.55 1.259 times
26 Tue Jul 2022 37.05 38.50 39.10 36.60 0.978 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 37.5 as stoploss in an intra day buy trade for a target of 38.42. However, stock will show a bearish move below 37.5.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.05
Downside Target 33.00
Downside Target 34.55
Downside Target 35.75
Downside Target 36.50
Upside Target 39.85
Upside Target 39.95
Upside Target 40.75
Upside Target 41.15
Upside Target 41.35
Upside Target 42.95

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 37.07
Downside Intraday Target 36.53
Upside Intraday Target 38.37
Upside Intraday Target 39.13
Upside Intraday Target 37.83

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
08 Mon Aug 2022 37.60 37.80 38.60 37.30 0.103 times
05 Fri Aug 2022 37.50 39.85 39.85 37.00 0.873 times
30 Sat Jul 2022 38.55 38.30 39.95 36.55 0.835 times
22 Fri Jul 2022 38.20 39.90 40.75 37.70 0.72 times
15 Fri Jul 2022 38.80 36.50 41.35 36.50 4.294 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
08 Mon Aug 2022 37.60 39.85 39.85 37.00 0.226 times
30 Sat Jul 2022 38.55 36.30 41.35 35.75 1.469 times
30 Thu Jun 2022 36.20 36.85 38.45 31.05 0.392 times
31 Tue May 2022 36.55 39.15 41.15 33.00 0.498 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 25, 13, 30 Buy
MACD 0, 0Sell
Stochastics 31None
CCI -6Buy
RSI 45Sell
OBV 276705Sell
VWAP 38Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 37.73 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 positive

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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