Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2021-10-01 View latest technical analysis

10 day averaged volume of Pennar Steel is 85522

Date Daily Closing Price Open High Low Volume
01 Fri Oct 2021 28.75 29.70 29.70 28.55 0.89 times
30 Thu Sep 2021 29.00 29.20 29.85 28.90 0.626 times
29 Wed Sep 2021 29.15 28.95 29.60 28.15 1.318 times
28 Tue Sep 2021 28.20 27.60 28.85 27.60 0.695 times
27 Mon Sep 2021 28.30 28.35 28.75 28.10 0.674 times
24 Fri Sep 2021 28.35 29.80 29.80 28.05 0.805 times
23 Thu Sep 2021 28.75 29.45 29.90 28.40 0.725 times
22 Wed Sep 2021 29.00 28.45 29.35 28.35 0.905 times
21 Tue Sep 2021 28.25 29.05 29.10 27.90 0.938 times
20 Mon Sep 2021 29.00 30.20 30.20 28.75 1.578 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 28.5 as stoploss in an intra day buy trade for a target of 29.5. However, stock will show a bearish move below 28.5.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 23.50
Downside Target 26.65
Downside Target 27.55
Downside Target 28.55
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 27.62
Downside Intraday Target 26.48
Upside Intraday Target 29.87
Upside Intraday Target 30.98
Downside Intraday Target 28.73

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
01 Fri Oct 2021 28.75 28.35 29.85 27.60 0.849 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
01 Fri Oct 2021 28.75 29.70 29.70 28.55 0.042 times
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

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 18, 22, 11 Sell
MACD -1, -1Buy
Stochastics 38None
CCI 39Sell
RSI 64Buy
OBV -377853Sell
VWAP 29Buy
ADL 0Sell
ROC -4Sell
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 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 gaining 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 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 red color and prices are in or above the red cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 28.73 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.

Click here for Pennar Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme