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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 2022-01-14 View latest technical analysis

10 day averaged volume of Pennar Steel is 289565

Date Daily Closing Price Open High Low Volume
14 Fri Jan 2022 37.40 35.90 38.00 35.70 0.836 times
13 Thu Jan 2022 36.00 36.75 37.65 34.80 1.373 times
12 Wed Jan 2022 36.35 37.65 38.40 36.20 0.506 times
11 Tue Jan 2022 37.35 37.50 39.40 36.25 1.764 times
10 Mon Jan 2022 37.20 35.30 37.90 33.85 1.386 times
07 Fri Jan 2022 34.65 35.45 35.75 34.20 0.327 times
06 Thu Jan 2022 34.70 35.00 35.60 34.30 0.402 times
05 Wed Jan 2022 35.35 34.60 36.25 34.15 0.519 times
04 Tue Jan 2022 33.95 36.00 36.45 33.55 0.692 times
03 Mon Jan 2022 35.25 35.95 36.45 35.10 0.735 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 36.5, but if it comes below 36.5, then a intra day sell could be more profitable.
If you take a sell trade below 36.5, then use 36.5 as stoploss and 34.31 as target. However if you take a buy trade in stock , then use 36.5 as stoploss and 39.1 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 33.85
Downside Target 34.60
Downside 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 34.37
Downside Intraday Target 31.33
Upside Intraday Target 39.92
Upside Intraday Target 42.43
Downside Intraday Target 36.88

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
14 Fri Jan 2022 37.40 35.30 39.40 33.85 2.192 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
14 Fri Jan 2022 37.40 35.95 39.40 33.55 0.569 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 24, 12, 35 Buy
MACD 3, 3Buy
Stochastics 52None
CCI 82Buy
RSI 64Buy
OBV 1973929Sell
VWAP 36Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

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 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 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 moving up

CCI has generated a buy signal for Pennar Steel in short term and BUY signal is strong.

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

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 36.25 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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