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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 2022-06-03 View latest technical analysis

10 day averaged volume of Pennar Steel is 31195

Date Daily Closing Price Open High Low Volume
03 Fri Jun 2022 36.95 38.45 38.45 36.30 1.083 times
02 Thu Jun 2022 37.90 38.00 38.00 37.00 0.387 times
01 Wed Jun 2022 37.15 36.85 37.35 36.70 0.337 times
31 Tue May 2022 36.55 37.05 37.25 36.45 0.563 times
30 Mon May 2022 36.70 37.50 38.05 36.70 0.457 times
27 Fri May 2022 37.05 37.00 37.40 36.50 0.581 times
26 Thu May 2022 36.40 37.40 37.65 34.95 2.073 times
25 Wed May 2022 36.95 38.10 38.70 36.40 2.216 times
24 Tue May 2022 38.00 38.45 38.45 37.30 1.134 times
23 Mon May 2022 37.80 39.25 39.25 36.75 1.104 times

My analysis of stock is bullish for shortterm, and stock might move up till 37.8 or till 39.1. Use a stoploss of 36.73 and if this stock hits its stoploss, then it can fall down till 35.67

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.30
Downside Target 33.00
Downside Target 34.30
Downside Target 36.30
Upside Target 38.45
Upside Target 39.20
Upside Target 39.25
Upside Target 40.00
Upside Target 41.15
Upside Target 42.95
Upside Target 47.70

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 36.02
Downside Intraday Target 35.08
Upside Intraday Target 38.17
Upside Intraday Target 39.38
Upside Intraday Target 37.23

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
03 Fri Jun 2022 36.95 37.50 38.45 36.30 0.398 times
27 Fri May 2022 37.05 39.25 39.25 34.95 0.963 times
20 Fri May 2022 37.65 34.95 38.60 34.60 0.418 times
13 Fri May 2022 34.55 39.20 39.20 33.00 1.958 times
06 Fri May 2022 39.10 39.15 41.15 39.00 0.387 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
03 Fri Jun 2022 36.95 36.85 38.45 36.30 0.043 times
31 Tue May 2022 36.55 39.15 41.15 33.00 0.47 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

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 14, 22, 22 Sell
MACD -0, -0Buy
Stochastics 55None
CCI -0Sell
RSI 50Buy
OBV -349683Sell
VWAP 37Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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 BUY signal for Pennar Steel in short term but the buy signal is initial and weak.

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 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 37.07 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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