(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, 2 | Buy |
| Stochastics | 72 | Buy |
| CCI | 81 | Sell |
| RSI | 62 | Buy |
| OBV | 2118331 | Sell |
| VWAP | 34 | Buy |
| ADL | 0 | Sell |
| ROC | 17 | Buy |
| Force Index | 0 | Sell |
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.
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