(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, 1 | Buy |
| Stochastics | 79 | Buy |
| CCI | 69 | Sell |
| RSI | 60 | Buy |
| OBV | 448028 | Sell |
| VWAP | 40 | Buy |
| ADL | 0 | Sell |
| ROC | 11 | 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 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
Click here for further forecast and predictions for tomorrow