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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 2022-04-25 View latest technical analysis

10 day averaged volume of Pennar Steel is 173566

Date Daily Closing Price Open High Low Volume
25 Mon Apr 2022 40.70 41.40 41.50 39.80 0.902 times
22 Fri Apr 2022 41.10 41.90 42.70 40.60 1.261 times
21 Thu Apr 2022 41.90 40.05 42.25 40.05 1.137 times
20 Wed Apr 2022 39.60 40.05 40.95 39.15 1.047 times
19 Tue Apr 2022 39.25 38.30 41.60 38.30 1.544 times
18 Mon Apr 2022 38.65 38.40 40.15 37.60 1.029 times
13 Wed Apr 2022 38.45 39.80 39.80 38.00 0.407 times
12 Tue Apr 2022 38.20 37.55 38.80 37.55 0.499 times
11 Mon Apr 2022 38.85 40.65 40.65 38.60 0.498 times
08 Fri Apr 2022 39.55 36.90 40.30 36.90 2.137 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.9, but if it comes below 39.9, then a intra day sell could be more profitable.
If you take a sell trade below 39.9, then use 39.9 as stoploss and 37.76 as target. However if you take a buy trade in stock , then use 39.9 as stoploss and 42.5 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 36.00
Downside Target 37.55
Downside Target 39.80
Downside Target 40.65
Upside Target 41.50
Upside Target 42.70
Upside Target 47.70
Upside Target 47.95

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 39.83
Downside Intraday Target 38.97
Upside Intraday Target 41.53
Upside Intraday Target 42.37
Downside Intraday Target 40.67

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
25 Mon Apr 2022 40.70 41.40 41.50 39.80 0.15 times
22 Fri Apr 2022 41.10 38.40 42.70 37.60 4.285 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

Price has moved down 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
25 Mon Apr 2022 40.70 34.55 42.70 34.55 0.589 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 26, 12, 37 Buy
MACD 2, 1Buy
Stochastics 79Buy
CCI 69Sell
RSI 60Buy
OBV 448028Sell
VWAP 40Buy
ADL 0Sell
ROC 11Buy
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 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 BUY. Signal strength is Strong and stock is losing 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 coming down

CCI has generated a SELL signal for Pennar Steel in short term but SELL signal is weak.

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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Pennar Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.82 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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