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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 2021-12-28 View latest technical analysis

10 day averaged volume of Pennar Steel is 158839

Date Daily Closing Price Open High Low Volume
28 Tue Dec 2021 34.50 32.75 36.25 31.90 2.78 times
27 Mon Dec 2021 31.80 32.05 32.45 30.80 0.811 times
24 Fri Dec 2021 31.05 32.00 32.00 30.60 0.235 times
23 Thu Dec 2021 31.65 31.50 32.20 31.15 0.34 times
22 Wed Dec 2021 31.55 32.30 32.60 31.25 0.862 times
21 Tue Dec 2021 31.65 31.80 32.25 30.30 1.822 times
20 Mon Dec 2021 30.25 30.25 33.00 29.70 2.251 times
17 Fri Dec 2021 29.95 31.15 31.25 29.50 1.101 times
16 Thu Dec 2021 31.10 32.50 32.95 30.60 0.652 times
15 Wed Dec 2021 32.15 32.80 33.90 32.05 0.747 times

Stock of Pennar Steel (PennarSteel) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 34.8, for a target of 32.5 or 30.61

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 25.70
Downside Target 27.05
Downside Target 29.50
Downside Target 30.80
Downside Target 31.50
Downside Target 32.40
Downside Target 32.70
Downside Target 33.00
Upside Target 34.60
Upside Target 36.25
Upside Target 42.70

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 31.45
Downside Intraday Target 28.4
Upside Intraday Target 36.9
Upside Intraday Target 39.3
Downside Intraday Target 33.85

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
28 Tue Dec 2021 34.50 32.05 36.25 30.80 0.652 times
24 Fri Dec 2021 31.05 30.25 33.00 29.70 1.125 times
17 Fri Dec 2021 29.95 32.95 34.60 29.50 0.97 times
10 Fri Dec 2021 32.35 28.40 32.70 27.60 2.734 times
03 Fri Dec 2021 28.00 27.35 29.75 25.70 1.015 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
28 Tue Dec 2021 34.50 28.35 36.25 27.05 1.889 times
30 Tue Nov 2021 27.20 27.50 31.50 25.70 0.908 times
29 Fri Oct 2021 27.50 29.70 32.05 27.45 1.016 times
30 Thu Sep 2021 29.00 30.75 32.40 27.60 0.382 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Pennar Steel (PennarSteel)

Indicator Name Indicator Value Indicator Signal
ADX 37, 11, 56 Buy
MACD 2, 1Buy
Stochastics 50None
CCI 237Buy
RSI 62Buy
OBV 1531314Sell
VWAP 32Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Pennar Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.

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. Bears are weakening, and bulls 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 31.89 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 positive

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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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