(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 2022-04-27 View latest technical analysis
10 day averaged volume of Pennar Steel is 153347
|Date||Daily Closing Price||Open||High||Low||Volume|
|27 Wed Apr 2022||42.05||40.10||42.95||39.75||2.047 times|
|26 Tue Apr 2022||40.20||40.95||41.30||40.05||0.579 times|
|25 Mon Apr 2022||40.70||41.40||41.50||39.80||1.021 times|
|22 Fri Apr 2022||41.10||41.90||42.70||40.60||1.427 times|
|21 Thu Apr 2022||41.90||40.05||42.25||40.05||1.287 times|
|20 Wed Apr 2022||39.60||40.05||40.95||39.15||1.185 times|
|19 Tue Apr 2022||39.25||38.30||41.60||38.30||1.748 times|
|18 Mon Apr 2022||38.65||38.40||40.15||37.60||1.164 times|
|13 Wed Apr 2022||38.45||39.80||39.80||38.00||0.46 times|
|12 Tue Apr 2022||38.20||37.55||38.80||37.55||0.565 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 40.6, but if it comes below 40.6, then a intra day sell could be more profitable.
If you take a sell trade below 40.6, then use 40.6 as stoploss and 38.34 as target. However if you take a buy trade in stock , then use 40.6 as stoploss and 43.3 as target.
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||40.22|
|Downside Intraday Target||38.38|
|Upside Intraday Target||43.42|
|Upside Intraday Target||44.78|
|Downside Intraday Target||41.58|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|27 Wed Apr 2022||42.05||41.40||42.95||39.75||0.536 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 up 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|
|27 Wed Apr 2022||42.05||34.55||42.95||34.55||0.696 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, 10, 49||Buy|
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short 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
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 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 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
Although the stock is in the BUY zone, but buying 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 40.34 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.