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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 2022-05-09 View latest technical analysis

10 day averaged volume of Pennar Steel is 130421

Date Daily Closing Price Open High Low Volume
09 Mon May 2022 37.55 39.20 39.20 37.05 0.732 times
06 Fri May 2022 39.10 40.25 40.25 39.00 0.736 times
05 Thu May 2022 40.30 40.20 40.65 39.75 0.599 times
04 Wed May 2022 39.40 40.70 40.95 39.00 0.733 times
02 Mon May 2022 40.55 39.15 41.15 39.15 0.686 times
29 Fri Apr 2022 40.35 42.25 42.25 40.10 0.681 times
28 Thu Apr 2022 40.75 42.30 42.35 40.55 0.599 times
27 Wed Apr 2022 42.05 40.10 42.95 39.75 2.407 times
26 Tue Apr 2022 40.20 40.95 41.30 40.05 0.681 times
25 Mon Apr 2022 40.70 41.40 41.50 39.80 1.201 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.3, but if it comes above 38.3, then a intra day buy could be more profitable.
If you take a sell trade below 38.3, then use 38.3 as stoploss and 36.7 as target. However if you take a buy trade in stock , then use 38.3 as stoploss and 39.67 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.30
Downside Target 33.55
Downside Target 34.30
Downside Target 37.05
Upside Target 39.00
Upside Target 41.15
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 36.67
Downside Intraday Target 35.78
Upside Intraday Target 38.82
Upside Intraday Target 40.08
Upside Intraday Target 37.93

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
09 Mon May 2022 37.55 39.20 39.20 37.05 0.266 times
06 Fri May 2022 39.10 39.15 41.15 39.00 0.495 times
29 Fri Apr 2022 40.35 41.40 42.95 39.75 0.695 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

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
09 Mon May 2022 37.55 39.15 41.15 37.05 0.163 times
29 Fri Apr 2022 40.35 34.55 42.95 34.55 0.74 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

Scroll below to view daily charts

Price has moved down 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 16, 24, 22 Sell
MACD 1, 1Sell
Stochastics 15Sell
CCI -214Sell
RSI 54Buy
OBV 670520Sell
VWAP 40Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short 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.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short 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.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a mid to longer term time period is

ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Pennar Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 40.47 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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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