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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 2022-01-07 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, 2Buy
Stochastics 58None
CCI 12Sell
RSI 63Buy
OBV 1652488Sell
VWAP 35Sell
ADL 0Sell
ROC 12Buy
Force Index 0Sell

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.

Click here for Pennar Steel charts

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Daily charts

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Daily chart

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