(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 2021-09-30 View latest technical analysis
10 day averaged volume of Pennar Steel is 89960
|Date||Daily Closing Price||Open||High||Low||Volume|
|30 Thu Sep 2021||29.00||29.20||29.85||28.90||0.595 times|
|29 Wed Sep 2021||29.15||28.95||29.60||28.15||1.253 times|
|28 Tue Sep 2021||28.20||27.60||28.85||27.60||0.661 times|
|27 Mon Sep 2021||28.30||28.35||28.75||28.10||0.64 times|
|24 Fri Sep 2021||28.35||29.80||29.80||28.05||0.765 times|
|23 Thu Sep 2021||28.75||29.45||29.90||28.40||0.689 times|
|22 Wed Sep 2021||29.00||28.45||29.35||28.35||0.86 times|
|21 Tue Sep 2021||28.25||29.05||29.10||27.90||0.892 times|
|20 Mon Sep 2021||29.00||30.20||30.20||28.75||1.5 times|
|17 Fri Sep 2021||30.00||31.25||31.60||29.50||1.651 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 28.6 as stoploss in an intra day buy trade for a target of 29.57. However, stock will show a bearish move below 28.6.
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||27.78|
|Downside Intraday Target||26.57|
|Upside Intraday Target||30.03|
|Upside Intraday Target||31.07|
|Downside Intraday Target||28.82|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|30 Thu Sep 2021||29.00||28.35||29.85||27.60||0.669 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|
|30 Thu Sep 2021||29.00||30.75||32.40||27.60||0.382 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||20, 21, 4||Sell|
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 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 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 BUY signal for Pennar Steel in short term but the buy signal is initial and weak.
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 coming down
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 28.95 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 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.