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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 2021-10-11 View latest technical analysis

10 day averaged volume of Pennar Steel is 93841

Date Daily Closing Price Open High Low Volume
11 Mon Oct 2021 30.40 30.00 30.80 29.80 0.732 times
08 Fri Oct 2021 29.80 31.00 31.00 29.50 1.03 times
07 Thu Oct 2021 30.30 30.45 31.50 30.20 1.296 times
06 Wed Oct 2021 30.50 31.15 31.75 30.00 1.086 times
05 Tue Oct 2021 30.80 29.10 31.30 28.65 2.371 times
04 Mon Oct 2021 28.90 29.05 29.70 28.70 0.388 times
01 Fri Oct 2021 28.75 29.70 29.70 28.55 0.811 times
30 Thu Sep 2021 29.00 29.20 29.85 28.90 0.57 times
29 Wed Sep 2021 29.15 28.95 29.60 28.15 1.201 times
28 Tue Sep 2021 28.20 27.60 28.85 27.60 0.634 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 30.6 as stoploss in an intra day sell trade for a target of 29.53. However, stock will show a bullish move above 30.6.

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 29.50
Upside Target 30.80
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 29.87
Downside Intraday Target 29.33
Upside Intraday Target 30.87
Upside Intraday Target 31.33
Downside Intraday Target 30.33

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
11 Mon Oct 2021 30.40 30.00 30.80 29.80 0.119 times
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

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
11 Mon Oct 2021 30.40 29.70 31.75 28.55 0.399 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 19, 16, 8 Buy
MACD -1, -1Buy
Stochastics 62None
CCI 59Buy
RSI 66Buy
OBV -432608Sell
VWAP 30Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 moving up

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 but buying is losing 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 29.88 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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