(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 2022-01-07 View latest technical analysis
10 day averaged volume of Pennar Steel is 246480
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Fri Jan 2022 | 34.65 | 35.45 | 35.75 | 34.20 | 0.384 times |
| 06 Thu Jan 2022 | 34.70 | 35.00 | 35.60 | 34.30 | 0.472 times |
| 05 Wed Jan 2022 | 35.35 | 34.60 | 36.25 | 34.15 | 0.609 times |
| 04 Tue Jan 2022 | 33.95 | 36.00 | 36.45 | 33.55 | 0.814 times |
| 03 Mon Jan 2022 | 35.25 | 35.95 | 36.45 | 35.10 | 0.863 times |
| 31 Fri Dec 2021 | 35.95 | 35.45 | 37.95 | 34.65 | 2.699 times |
| 30 Thu Dec 2021 | 34.75 | 35.65 | 35.65 | 33.55 | 0.53 times |
| 29 Wed Dec 2021 | 34.90 | 34.90 | 36.50 | 34.60 | 1.547 times |
| 28 Tue Dec 2021 | 34.50 | 32.75 | 36.25 | 31.90 | 1.791 times |
| 27 Mon Dec 2021 | 31.80 | 32.05 | 32.45 | 30.80 | 0.522 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 34.9 as stoploss in an intra day sell trade for a target of 33.03. However, stock will show a bullish move above 34.9.
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 | 33.55 |
| Downside Target | 34.60 |
| Upside Target | 36.45 |
| Upside Target | 37.95 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 33.32 |
| Downside Intraday Target | 31.98 |
| Upside Intraday Target | 36.22 |
| Upside Intraday Target | 37.78 |
| Upside Intraday Target | 34.88 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Fri Jan 2022 | 34.65 | 35.95 | 36.45 | 33.55 | 0.443 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 |
| 07 Fri Jan 2022 | 34.65 | 35.95 | 36.45 | 33.55 | 0.178 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 | 24, 13, 32 | Buy |
| MACD | 3, 2 | Buy |
| Stochastics | 58 | None |
| CCI | 12 | Sell |
| RSI | 63 | Buy |
| OBV | 1652488 | Sell |
| VWAP | 35 | Sell |
| ADL | 0 | Sell |
| ROC | 12 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short 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.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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.
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. 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 coming down
CCI has generated a SELL signal for Pennar Steel in short term
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
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 34.9 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. 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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