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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 2022-04-28 View latest technical analysis

10 day averaged volume of Pennar Steel is 176088

Date Daily Closing Price Open High Low Volume
28 Thu Apr 2022 40.75 42.30 42.35 40.55 0.443 times
27 Wed Apr 2022 42.05 40.10 42.95 39.75 1.783 times
26 Tue Apr 2022 40.20 40.95 41.30 40.05 0.504 times
25 Mon Apr 2022 40.70 41.40 41.50 39.80 0.889 times
22 Fri Apr 2022 41.10 41.90 42.70 40.60 1.243 times
21 Thu Apr 2022 41.90 40.05 42.25 40.05 1.12 times
20 Wed Apr 2022 39.60 40.05 40.95 39.15 1.032 times
19 Tue Apr 2022 39.25 38.30 41.60 38.30 1.522 times
18 Mon Apr 2022 38.65 38.40 40.15 37.60 1.014 times
13 Wed Apr 2022 38.45 39.80 39.80 38.00 0.401 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 40.8 as stoploss in an intra day sell trade for a target of 38.66. However, stock will show a bullish move above 40.8.

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 39.75
Downside Target 40.65
Upside Target 42.70
Upside Target 42.95
Upside Target 47.70
Upside Target 47.95

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 39.35
Downside Intraday Target 37.95
Upside Intraday Target 42.55
Upside Intraday Target 44.35
Upside Intraday Target 41.15

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
28 Thu Apr 2022 40.75 41.40 42.95 39.75 0.61 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
28 Thu Apr 2022 40.75 34.55 42.95 34.55 0.716 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 27, 9, 49 Buy
MACD 2, 1Buy
Stochastics 65None
CCI 61Sell
RSI 60Buy
OBV 861316Sell
VWAP 40Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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 tired and bears are picking up momentum.

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 but buying is losing 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 40.47 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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