(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)
Intraday share price targets for Pennar Steel (PennarSteel)
|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|
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.