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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 2021-10-07 View latest technical analysis

10 day averaged volume of Pennar Steel is 85100

Date Daily Closing Price Open High Low Volume
07 Thu Oct 2021 30.30 30.45 31.50 30.20 1.429 times
06 Wed Oct 2021 30.50 31.15 31.75 30.00 1.197 times
05 Tue Oct 2021 30.80 29.10 31.30 28.65 2.614 times
04 Mon Oct 2021 28.90 29.05 29.70 28.70 0.428 times
01 Fri Oct 2021 28.75 29.70 29.70 28.55 0.895 times
30 Thu Sep 2021 29.00 29.20 29.85 28.90 0.629 times
29 Wed Sep 2021 29.15 28.95 29.60 28.15 1.324 times
28 Tue Sep 2021 28.20 27.60 28.85 27.60 0.699 times
27 Mon Sep 2021 28.30 28.35 28.75 28.10 0.677 times
24 Fri Sep 2021 28.35 29.80 29.80 28.05 0.809 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 30.5 as stoploss in an intra day sell trade for a target of 29.51. However, stock will show a bullish move above 30.5.

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
Downside Target 29.45
Upside Target 31.40
Upside Target 31.75
Upside Target 32.40
Upside Target 42.70
Upside Target 42.90

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 28.72
Downside Intraday Target 27.13
Upside Intraday Target 31.82
Upside Intraday Target 33.33
Downside Intraday Target 30.23

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
07 Thu Oct 2021 30.30 29.05 31.75 28.65 1.342 times
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

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
07 Thu Oct 2021 30.30 29.70 31.75 28.55 0.308 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 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 23, 14, 25 Buy
MACD -1, -1Buy
Stochastics 74Buy
CCI 121Sell
RSI 67Buy
OBV -381805Sell
VWAP 30Buy
ADL 0Sell
ROC 5Buy
Force Index 0Sell

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 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 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 BUY. Signal strength is Strong 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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 29.63 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.

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