(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 2022-04-21 View latest technical analysis
10 day averaged volume of Pennar Steel is 148955
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Thu Apr 2022 | 41.90 | 40.05 | 42.25 | 40.05 | 1.325 times |
| 20 Wed Apr 2022 | 39.60 | 40.05 | 40.95 | 39.15 | 1.22 times |
| 19 Tue Apr 2022 | 39.25 | 38.30 | 41.60 | 38.30 | 1.8 times |
| 18 Mon Apr 2022 | 38.65 | 38.40 | 40.15 | 37.60 | 1.199 times |
| 13 Wed Apr 2022 | 38.45 | 39.80 | 39.80 | 38.00 | 0.474 times |
| 12 Tue Apr 2022 | 38.20 | 37.55 | 38.80 | 37.55 | 0.582 times |
| 11 Mon Apr 2022 | 38.85 | 40.65 | 40.65 | 38.60 | 0.581 times |
| 08 Fri Apr 2022 | 39.55 | 36.90 | 40.30 | 36.90 | 2.49 times |
| 07 Thu Apr 2022 | 36.80 | 36.10 | 37.35 | 36.10 | 0.514 times |
| 06 Wed Apr 2022 | 37.15 | 36.00 | 37.50 | 36.00 | 0.603 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 41.6, for a target of 39.3 or 37.34
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 |
| Downside Target | 40.00 |
| Downside Target | 40.30 |
| Downside Target | 40.65 |
| Upside Target | 42.25 |
| Upside Target | 47.70 |
| Upside Target | 47.95 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 38.92 |
| Downside Intraday Target | 35.93 |
| Upside Intraday Target | 43.57 |
| Upside Intraday Target | 45.23 |
| Downside Intraday Target | 40.58 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Thu Apr 2022 | 41.90 | 38.40 | 42.25 | 37.60 | 3.387 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 |
| 21 Thu Apr 2022 | 41.90 | 34.55 | 42.25 | 34.55 | 0.49 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 | 30, 10, 49 | Buy |
| MACD | 1, 1 | Buy |
| Stochastics | 72 | Buy |
| CCI | 170 | Buy |
| RSI | 59 | Buy |
| OBV | -209265 | Sell |
| VWAP | 39 | Buy |
| ADL | 0 | Sell |
| ROC | 14 | 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 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 39.27 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.
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