Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2022-04-19 View latest technical analysis

10 day averaged volume of Pennar Steel is 120416

Date Daily Closing Price Open High Low Volume
19 Tue Apr 2022 39.25 38.30 41.60 38.30 2.226 times
18 Mon Apr 2022 38.65 38.40 40.15 37.60 1.483 times
13 Wed Apr 2022 38.45 39.80 39.80 38.00 0.586 times
12 Tue Apr 2022 38.20 37.55 38.80 37.55 0.72 times
11 Mon Apr 2022 38.85 40.65 40.65 38.60 0.719 times
08 Fri Apr 2022 39.55 36.90 40.30 36.90 3.081 times
07 Thu Apr 2022 36.80 36.10 37.35 36.10 0.636 times
06 Wed Apr 2022 37.15 36.00 37.50 36.00 0.745 times
05 Tue Apr 2022 36.80 37.90 37.90 36.65 0.666 times
04 Mon Apr 2022 37.25 37.50 37.60 36.65 0.371 times

Stock of Pennar Steel (PennarSteel) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.5, but if it comes below 38.5, then a intra day sell could be more profitable.
If you take a sell trade below 38.5, then use 38.5 as stoploss and 36.98 as target. However if you take a buy trade in stock , then use 38.5 as stoploss and 40.3 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 27.05
Downside Target 31.30
Downside Target 33.55
Downside Target 34.30
Downside Target 35.85
Downside Target 37.55
Upside Target 40.00
Upside Target 40.30
Upside Target 40.65
Upside Target 41.60
Upside Target 47.70
Upside Target 47.95

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 37.37
Downside Intraday Target 35.48
Upside Intraday Target 41.37
Upside Intraday Target 43.48
Upside Intraday Target 39.48

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
19 Tue Apr 2022 39.25 38.40 41.60 37.60 1.832 times
13 Wed Apr 2022 38.45 40.65 40.65 37.55 0.368 times
08 Fri Apr 2022 39.55 37.50 40.30 36.00 1.283 times
01 Fri Apr 2022 36.30 36.50 37.80 34.30 0.393 times
25 Fri Mar 2022 35.95 36.80 38.20 35.85 2.978 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
19 Tue Apr 2022 39.25 34.55 41.60 34.55 0.39 times
31 Thu Mar 2022 34.55 34.50 40.00 34.30 0.678 times
28 Mon Feb 2022 35.10 39.20 47.70 31.30 0.74 times
31 Mon Jan 2022 39.50 35.95 47.95 33.55 1.735 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 29, 12, 41 Buy
MACD 1, 0Buy
Stochastics 63None
CCI 109Buy
RSI 57Buy
OBV -296333Sell
VWAP 39Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 tired and bears 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 38.63 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme