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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 2021-09-29 View latest technical analysis

10 day averaged volume of Pennar Steel is 87070

Date Daily Closing Price Open High Low Volume
29 Wed Sep 2021 29.15 28.95 29.60 28.15 1.294 times
28 Tue Sep 2021 28.20 27.60 28.85 27.60 0.683 times
27 Mon Sep 2021 28.30 28.35 28.75 28.10 0.662 times
24 Fri Sep 2021 28.35 29.80 29.80 28.05 0.791 times
23 Thu Sep 2021 28.75 29.45 29.90 28.40 0.712 times
22 Wed Sep 2021 29.00 28.45 29.35 28.35 0.889 times
21 Tue Sep 2021 28.25 29.05 29.10 27.90 0.922 times
20 Mon Sep 2021 29.00 30.20 30.20 28.75 1.55 times
17 Fri Sep 2021 30.00 31.25 31.60 29.50 1.706 times
16 Thu Sep 2021 31.00 32.15 32.15 30.90 1.124 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 28.7 as stoploss in an intra day buy trade for a target of 29.62. However, stock will show a bearish move below 28.7.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 17.75
Downside Target 23.50
Downside Target 25.95
Downside Target 26.65
Downside Target 27.55
Upside Target 29.45
Upside Target 30.20
Upside Target 31.40
Upside Target 32.40
Upside Target 33.00
Upside Target 42.70
Upside Target 42.90

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 27.97
Downside Intraday Target 26.78
Upside Intraday Target 29.97
Upside Intraday Target 30.78
Downside Intraday Target 28.78

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
29 Wed Sep 2021 29.15 28.35 29.60 27.60 0.543 times
24 Fri Sep 2021 28.35 30.20 30.20 27.90 0.761 times
17 Fri Sep 2021 30.00 29.95 32.40 29.50 1.909 times
09 Thu Sep 2021 30.05 31.40 31.40 29.45 0.641 times
03 Fri Sep 2021 30.40 31.05 33.00 29.50 0.641 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
29 Wed Sep 2021 29.15 30.75 32.40 27.60 0.37 times
31 Tue Aug 2021 30.90 41.05 42.70 27.55 0.333 times
30 Fri Jul 2021 40.90 26.85 42.90 26.65 1.586 times
30 Wed Jun 2021 26.65 25.80 29.50 23.50 1.288 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 19, 23, 8 Sell
MACD -2, -2Sell
Stochastics 18Sell
CCI -19Buy
RSI 61Buy
OBV -395385Sell
VWAP 29Sell
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 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 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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 29.17 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.

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