(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)
10 day averaged volume of Pennar Steel is 53786
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Tue May 2024 | 131.40 | 132.05 | 132.40 | 129.35 | 1.04 times |
| 13 Mon May 2024 | 128.90 | 124.65 | 132.00 | 122.65 | 1.554 times |
| 10 Fri May 2024 | 126.45 | 125.20 | 127.05 | 123.25 | 0.764 times |
| 09 Thu May 2024 | 124.40 | 129.95 | 130.00 | 123.10 | 0.263 times |
| 08 Wed May 2024 | 129.15 | 125.15 | 131.55 | 125.15 | 0.821 times |
| 07 Tue May 2024 | 127.55 | 132.75 | 133.10 | 126.20 | 3.136 times |
| 06 Mon May 2024 | 132.55 | 137.65 | 137.65 | 130.50 | 0.703 times |
| 03 Fri May 2024 | 134.60 | 136.85 | 137.80 | 132.75 | 1.01 times |
| 02 Thu May 2024 | 136.85 | 138.70 | 139.75 | 136.10 | 0.31 times |
| 30 Tue Apr 2024 | 136.90 | 141.95 | 141.95 | 136.50 | 1.009 times |
My analysis of stock is bearish for shortterm, and stock might move down till 126.7 or till 119.7. Use a stoploss of 132.66 and if the stock hits stoploss, then it can shoot up till 138.57
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 107.00 |
| Downside Target | 116.30 |
| Downside Target | 122.65 |
| Downside Target | 129.90 |
| Upside Target | 137.65 |
| Upside Target | 139.75 |
| Upside Target | 139.95 |
| Upside Target | 142.70 |
| Upside Target | 144.45 |
| Upside Target | 156.90 |
| Upside Target | 162.30 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 125.23 |
| Downside Intraday Target | 119.07 |
| Upside Intraday Target | 134.98 |
| Upside Intraday Target | 138.57 |
| Downside Intraday Target | 128.82 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Tue May 2024 | 131.40 | 124.65 | 132.40 | 122.65 | 0.456 times |
| 10 Fri May 2024 | 126.45 | 137.65 | 137.65 | 123.10 | 2.061 times |
| 03 Fri May 2024 | 134.60 | 141.25 | 142.70 | 132.75 | 0.179 times |
| 26 Fri Apr 2024 | 138.85 | 132.60 | 144.45 | 130.10 | 1.713 times |
| 19 Fri Apr 2024 | 129.05 | 116.30 | 129.90 | 116.30 | 1.807 times |
Price has moved up 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 |
| 14 Tue May 2024 | 131.40 | 138.70 | 139.75 | 122.65 | 0.261 times |
| 30 Tue Apr 2024 | 136.90 | 134.25 | 144.45 | 116.30 | 0.892 times |
| 28 Thu Mar 2024 | 133.15 | 135.30 | 139.95 | 107.00 | 1.064 times |
| 29 Thu Feb 2024 | 134.10 | 154.55 | 162.30 | 131.20 | 0.533 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)
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid 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 mid to longer 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.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell 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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 130.25 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 falling down
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 has given negative 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.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid 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 mid to longer 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.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell 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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 130.25 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 falling down
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 has given negative 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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