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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 2021-10-08 View latest technical analysis

10 day averaged volume of Pennar Steel is 91061

Date Daily Closing Price Open High Low Volume
08 Fri Oct 2021 29.80 31.00 31.00 29.50 1.061 times
07 Thu Oct 2021 30.30 30.45 31.50 30.20 1.335 times
06 Wed Oct 2021 30.50 31.15 31.75 30.00 1.119 times
05 Tue Oct 2021 30.80 29.10 31.30 28.65 2.443 times
04 Mon Oct 2021 28.90 29.05 29.70 28.70 0.4 times
01 Fri Oct 2021 28.75 29.70 29.70 28.55 0.836 times
30 Thu Sep 2021 29.00 29.20 29.85 28.90 0.588 times
29 Wed Sep 2021 29.15 28.95 29.60 28.15 1.238 times
28 Tue Sep 2021 28.20 27.60 28.85 27.60 0.653 times
27 Mon Sep 2021 28.30 28.35 28.75 28.10 0.633 times

My analysis of stock is bullish for shortterm, and stock might move up till 30.5 or till 31.7. Use a stoploss of 29.5 and if this stock hits its stoploss, then it can fall down till 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
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 28.38
Downside Intraday Target 26.97
Upside Intraday Target 31.48
Upside Intraday Target 33.17
Upside Intraday Target 30.07

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
08 Fri Oct 2021 29.80 29.05 31.75 28.65 1.611 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Steel (PennarSteel)

Date Monthly Closing Price Open High Low Volume
08 Fri Oct 2021 29.80 29.70 31.75 28.55 0.361 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 21, 17, 9 Buy
MACD -1, -1Buy
Stochastics 63None
CCI 54Sell
RSI 67Buy
OBV -422480Sell
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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 but buying is losing 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 29.74 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 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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