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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 27953

Date Daily Closing Price Open High Low Volume
17 Wed Aug 2022 39.30 39.40 39.90 38.65 2.292 times
16 Tue Aug 2022 38.95 38.40 39.70 38.00 1.809 times
12 Fri Aug 2022 37.65 38.00 38.20 37.55 0.258 times
11 Thu Aug 2022 38.00 38.75 38.75 37.90 0.642 times
10 Wed Aug 2022 37.80 36.65 38.60 36.65 0.806 times
08 Mon Aug 2022 37.60 37.80 38.60 37.30 0.607 times
05 Fri Aug 2022 37.50 37.60 38.10 37.20 0.366 times
04 Thu Aug 2022 37.75 37.80 38.00 37.20 1.971 times
03 Wed Aug 2022 37.50 37.00 38.15 37.00 0.712 times
02 Tue Aug 2022 37.50 37.90 38.40 37.40 1.666 times

Stock of Pennar Steel (PennarSteel) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39, but if it comes below 39, then a intra day sell could be more profitable.
If you take a sell trade below 39, then use 39 as stoploss and 38.19 as target. However if you take a buy trade in stock , then use 39 as stoploss and 39.9 as target.

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 36.55
Upside Target 39.85
Upside Target 39.90
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 38.23
Downside Intraday Target 37.17
Upside Intraday Target 40.13
Upside Intraday Target 40.97
Downside Intraday Target 39.07

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
17 Wed Aug 2022 39.30 38.40 39.90 38.00 1.773 times
12 Fri Aug 2022 37.65 37.80 38.75 36.65 0.393 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Steel (PennarSteel)

Date Monthly Closing Price Open High Low Volume
17 Wed Aug 2022 39.30 39.85 39.90 36.65 0.428 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 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 27, 14, 32 Buy
MACD 0, 0Buy
Stochastics 62None
CCI 182Buy
RSI 46Sell
OBV 290844Sell
VWAP 38Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 green color and prices are above the green 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 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 38.21 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.

Click here for Pennar Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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