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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)

10 day averaged volume of Pennar Steel is 23641

Date Daily Closing Price Open High Low Volume
01 Fri Jul 2022 36.95 36.30 37.20 35.75 0.146 times
30 Thu Jun 2022 36.20 36.95 37.50 36.05 0.389 times
29 Wed Jun 2022 36.95 36.50 37.35 35.90 1.754 times
28 Tue Jun 2022 36.85 36.90 37.00 35.70 0.836 times
27 Mon Jun 2022 36.15 35.00 36.45 34.65 1.204 times
24 Fri Jun 2022 34.50 33.90 34.80 33.65 0.688 times
23 Thu Jun 2022 33.60 32.55 33.95 32.40 0.27 times
22 Wed Jun 2022 32.45 33.25 33.40 32.10 1.235 times
21 Tue Jun 2022 32.95 31.80 33.10 31.80 1.756 times
20 Mon Jun 2022 31.30 34.95 34.95 31.05 1.22 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 37.3 as stoploss in an intra day sell trade for a target of 35.33. However, stock will show a bullish move above 37.3.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.05
Downside Target 32.00
Downside Target 33.00
Downside Target 34.30
Downside Target 35.75
Upside Target 37.20
Upside Target 37.50
Upside Target 37.95
Upside Target 38.45
Upside Target 40.00
Upside Target 41.15
Upside Target 42.95

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 35.23
Downside Intraday Target 33.52
Upside Intraday Target 38.08
Upside Intraday Target 39.22
Downside Intraday Target 36.37

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
01 Fri Jul 2022 36.95 35.00 37.50 34.65 0.838 times
24 Fri Jun 2022 34.50 34.95 34.95 31.05 0.77 times
17 Fri Jun 2022 32.25 37.20 37.20 32.00 1.432 times
10 Fri Jun 2022 37.20 36.05 37.95 36.05 1.257 times
03 Fri Jun 2022 36.95 37.50 38.45 36.30 0.398 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
01 Fri Jul 2022 36.95 36.30 37.20 35.75 0.006 times
30 Thu Jun 2022 36.20 36.85 38.45 31.05 0.392 times
31 Tue May 2022 36.55 39.15 41.15 33.00 0.498 times
29 Fri Apr 2022 40.35 34.55 42.95 34.55 0.74 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, 13, 25 Buy
MACD -0, -1Buy
Stochastics 88Buy
CCI 74Buy
RSI 47Sell
OBV -26749Sell
VWAP 34Buy
ADL 0Sell
ROC 15Buy
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 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 SELL signal in short term and selling is picking up 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 34.49 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.

Click here for Pennar Steel charts

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Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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