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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 2022-04-21 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, 1Buy
Stochastics 72Buy
CCI 170Buy
RSI 59Buy
OBV -209265Sell
VWAP 39Buy
ADL 0Sell
ROC 14Buy
Force Index 0Sell

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.

Click here for Pennar Steel charts

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Daily charts

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Daily chart

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