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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 2022-01-03 View latest technical analysis

10 day averaged volume of Pennar Steel is 262281

Date Daily Closing Price Open High Low Volume
03 Mon Jan 2022 35.25 35.95 36.45 35.10 0.811 times
31 Fri Dec 2021 35.95 35.45 37.95 34.65 2.536 times
30 Thu Dec 2021 34.75 35.65 35.65 33.55 0.498 times
29 Wed Dec 2021 34.90 34.90 36.50 34.60 1.454 times
28 Tue Dec 2021 34.50 32.75 36.25 31.90 1.683 times
27 Mon Dec 2021 31.80 32.05 32.45 30.80 0.491 times
24 Fri Dec 2021 31.05 32.00 32.00 30.60 0.142 times
23 Thu Dec 2021 31.65 31.50 32.20 31.15 0.206 times
22 Wed Dec 2021 31.55 32.30 32.60 31.25 0.522 times
21 Tue Dec 2021 31.65 31.80 32.25 30.30 1.103 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 34.1, but if it comes below 34.1, then a intra day sell could be more profitable.
If you take a sell trade below 34.1, then use 34.1 as stoploss and 32.06 as target. However if you take a buy trade in stock , then use 34.1 as stoploss and 36.7 as target.

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 34.60
Downside Target 35.10
Upside Target 36.45
Upside Target 37.95

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 34.75
Downside Intraday Target 34.25
Upside Intraday Target 36.1
Upside Intraday Target 36.95
Upside Intraday Target 35.6

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
03 Mon Jan 2022 35.25 35.95 36.45 35.10 0.122 times
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

Price has moved down 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
03 Mon Jan 2022 35.25 35.95 36.45 35.10 0.049 times
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

Scroll below to view daily charts

Price has moved down 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 35, 11, 53 Buy
MACD 3, 2Buy
Stochastics 72Buy
CCI 81Sell
RSI 62Buy
OBV 2118331Sell
VWAP 34Buy
ADL 0Sell
ROC 17Buy
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 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 but buying is losing 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 34.28 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

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Daily charts

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Daily chart

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