(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 2021-10-13 View latest technical analysis
10 day averaged volume of Pennar Steel is 97443
|Date||Daily Closing Price||Open||High||Low||Volume|
|13 Wed Oct 2021||29.90||30.35||30.95||29.80||1.267 times|
|12 Tue Oct 2021||30.20||30.85||31.00||30.10||0.866 times|
|11 Mon Oct 2021||30.40||30.00||30.80||29.80||0.705 times|
|08 Fri Oct 2021||29.80||31.00||31.00||29.50||0.992 times|
|07 Thu Oct 2021||30.30||30.45||31.50||30.20||1.248 times|
|06 Wed Oct 2021||30.50||31.15||31.75||30.00||1.046 times|
|05 Tue Oct 2021||30.80||29.10||31.30||28.65||2.283 times|
|04 Mon Oct 2021||28.90||29.05||29.70||28.70||0.374 times|
|01 Fri Oct 2021||28.75||29.70||29.70||28.55||0.781 times|
|30 Thu Sep 2021||29.00||29.20||29.85||28.90||0.549 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 30.3 as stoploss in an intra day sell trade for a target of 29.43. However, stock will show a bullish move above 30.3.
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||29.47|
|Downside Intraday Target||29.03|
|Upside Intraday Target||30.67|
|Upside Intraday Target||31.43|
|Upside Intraday Target||30.23|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|13 Wed Oct 2021||29.90||30.00||31.00||29.80||0.478 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|
|13 Wed Oct 2021||29.90||29.70||31.75||28.55||0.513 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||17, 16, 2||Buy|
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 30.09 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. 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.