(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 2022-05-16 View latest technical analysis
10 day averaged volume of Pennar Steel is 99840
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Mon May 2022 | 36.35 | 34.95 | 36.75 | 34.60 | 0.572 times |
| 13 Fri May 2022 | 34.55 | 36.00 | 36.20 | 34.40 | 0.914 times |
| 12 Thu May 2022 | 35.35 | 34.00 | 35.90 | 33.00 | 1.137 times |
| 11 Wed May 2022 | 34.20 | 35.90 | 36.50 | 33.10 | 1.351 times |
| 10 Tue May 2022 | 35.50 | 37.15 | 38.70 | 34.90 | 1.154 times |
| 09 Mon May 2022 | 37.55 | 39.20 | 39.20 | 37.05 | 0.956 times |
| 06 Fri May 2022 | 39.10 | 40.25 | 40.25 | 39.00 | 0.962 times |
| 05 Thu May 2022 | 40.30 | 40.20 | 40.65 | 39.75 | 0.783 times |
| 04 Wed May 2022 | 39.40 | 40.70 | 40.95 | 39.00 | 0.958 times |
| 02 Mon May 2022 | 40.55 | 39.15 | 41.15 | 39.15 | 0.896 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 36.5, but if it comes above 36.5, then a intra day buy could be more profitable.
If you take a sell trade below 36.5, then use 36.5 as stoploss and 33.6 as target. However if you take a buy trade in stock , then use 36.5 as stoploss and 38.87 as target.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 31.30 |
| Downside Target | 33.00 |
| Downside Target | 34.30 |
| Upside Target | 36.75 |
| Upside Target | 37.60 |
| 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 | 35.05 |
| Downside Intraday Target | 33.75 |
| Upside Intraday Target | 37.2 |
| Upside Intraday Target | 38.05 |
| Downside Intraday Target | 35.9 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Mon May 2022 | 36.35 | 34.95 | 36.75 | 34.60 | 0.104 times |
| 13 Fri May 2022 | 34.55 | 39.20 | 39.20 | 33.00 | 1.532 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 |
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 |
| 16 Mon May 2022 | 36.35 | 39.15 | 41.15 | 33.00 | 0.346 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 | 12, 25, 37 | Sell |
| MACD | -1, -0 | Sell |
| Stochastics | 28 | Sell |
| CCI | -49 | Buy |
| RSI | 53 | Buy |
| OBV | 288760 | Sell |
| VWAP | 37 | Sell |
| ADL | 0 | Sell |
| ROC | -10 | Sell |
| Force Index | 0 | Sell |
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 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 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 mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.
Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.
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
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 37.06 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.
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