(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 2021-10-12 View latest technical analysis
10 day averaged volume of Pennar Steel is 94948
|Date||Daily Closing Price||Open||High||Low||Volume|
|12 Tue Oct 2021||30.20||30.85||31.00||30.10||0.889 times|
|11 Mon Oct 2021||30.40||30.00||30.80||29.80||0.723 times|
|08 Fri Oct 2021||29.80||31.00||31.00||29.50||1.018 times|
|07 Thu Oct 2021||30.30||30.45||31.50||30.20||1.281 times|
|06 Wed Oct 2021||30.50||31.15||31.75||30.00||1.073 times|
|05 Tue Oct 2021||30.80||29.10||31.30||28.65||2.343 times|
|04 Mon Oct 2021||28.90||29.05||29.70||28.70||0.384 times|
|01 Fri Oct 2021||28.75||29.70||29.70||28.55||0.802 times|
|30 Thu Sep 2021||29.00||29.20||29.85||28.90||0.564 times|
|29 Wed Sep 2021||29.15||28.95||29.60||28.15||1.187 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 29.52. However, stock will show a bullish move above 30.5.
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||29.67|
|Downside Intraday Target||29.13|
|Upside Intraday Target||30.87|
|Upside Intraday Target||31.53|
|Upside Intraday Target||30.33|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|12 Tue Oct 2021||30.20||30.00||31.00||29.80||0.264 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|
|12 Tue Oct 2021||30.20||29.70||31.75||28.55||0.445 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, 15, 11||Buy|
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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. 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 buy signal for Pennar Steel in short term and BUY signal is strong.
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 30.01 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.