(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 2022-01-13 View latest technical analysis
10 day averaged volume of Pennar Steel is 262892
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Thu Jan 2022 | 36.00 | 36.75 | 37.65 | 34.80 | 1.512 times |
| 12 Wed Jan 2022 | 36.35 | 37.65 | 38.40 | 36.20 | 0.557 times |
| 11 Tue Jan 2022 | 37.35 | 37.50 | 39.40 | 36.25 | 1.942 times |
| 10 Mon Jan 2022 | 37.20 | 35.30 | 37.90 | 33.85 | 1.526 times |
| 07 Fri Jan 2022 | 34.65 | 35.45 | 35.75 | 34.20 | 0.36 times |
| 06 Thu Jan 2022 | 34.70 | 35.00 | 35.60 | 34.30 | 0.443 times |
| 05 Wed Jan 2022 | 35.35 | 34.60 | 36.25 | 34.15 | 0.571 times |
| 04 Tue Jan 2022 | 33.95 | 36.00 | 36.45 | 33.55 | 0.763 times |
| 03 Mon Jan 2022 | 35.25 | 35.95 | 36.45 | 35.10 | 0.81 times |
| 31 Fri Dec 2021 | 35.95 | 35.45 | 37.95 | 34.65 | 2.53 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 36.2 as stoploss in an intra day sell trade for a target of 33.94. However, stock will show a bullish move above 36.2.
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 | 33.85 |
| Downside Target | 34.60 |
| Upside Target | 36.45 |
| Upside Target | 37.95 |
| Upside Target | 39.40 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 33.43 |
| Downside Intraday Target | 30.87 |
| Upside Intraday Target | 38.98 |
| Upside Intraday Target | 41.97 |
| Upside Intraday Target | 36.42 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Thu Jan 2022 | 36.00 | 35.30 | 39.40 | 33.85 | 1.879 times |
| 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 |
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 |
| 13 Thu Jan 2022 | 36.00 | 35.95 | 39.40 | 33.55 | 0.514 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 up 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 | 26, 13, 33 | Buy |
| MACD | 3, 3 | Buy |
| Stochastics | 52 | None |
| CCI | 25 | Sell |
| RSI | 64 | Buy |
| OBV | 1628213 | Sell |
| VWAP | 36 | Sell |
| ADL | 0 | Sell |
| ROC | 4 | 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 losing 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 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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 36.08 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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