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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 2021-12-31 View latest technical analysis

10 day averaged volume of Pennar Steel is 213249

Date Daily Closing Price Open High Low Volume
31 Fri Dec 2021 35.95 35.45 37.95 34.65 3.119 times
30 Thu Dec 2021 34.75 35.65 35.65 33.55 0.613 times
29 Wed Dec 2021 34.90 34.90 36.50 34.60 1.788 times
28 Tue Dec 2021 34.50 32.75 36.25 31.90 2.07 times
27 Mon Dec 2021 31.80 32.05 32.45 30.80 0.604 times
24 Fri Dec 2021 31.05 32.00 32.00 30.60 0.175 times
23 Thu Dec 2021 31.65 31.50 32.20 31.15 0.254 times
22 Wed Dec 2021 31.55 32.30 32.60 31.25 0.642 times
21 Tue Dec 2021 31.65 31.80 32.25 30.30 1.357 times
20 Mon Dec 2021 30.25 30.25 33.00 29.70 1.677 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 36.4, for a target of 33.8 or 31.69

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
Downside Target 34.60
Upside Target 37.95
Upside Target 42.70

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 31.85
Downside Intraday Target 27.75
Upside Intraday Target 39
Upside Intraday Target 42.05
Downside Intraday Target 34.9

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
31 Fri Dec 2021 35.95 32.05 37.95 30.80 1.997 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Steel (PennarSteel)

Date Monthly Closing Price Open High Low Volume
31 Fri Dec 2021 35.95 28.35 37.95 27.05 2.591 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 38, 12, 52 Buy
MACD 2, 2Buy
Stochastics 76Buy
CCI 125Buy
RSI 63Buy
OBV 2271763Sell
VWAP 34Buy
ADL 0Sell
ROC 20Buy
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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 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 33.65 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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