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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 2022-06-07 View latest technical analysis

10 day averaged volume of Pennar Steel is 28691

Date Daily Closing Price Open High Low Volume
07 Tue Jun 2022 36.90 37.65 37.65 36.55 0.688 times
06 Mon Jun 2022 37.60 36.05 37.75 36.05 0.401 times
03 Fri Jun 2022 36.95 38.45 38.45 36.30 1.178 times
02 Thu Jun 2022 37.90 38.00 38.00 37.00 0.42 times
01 Wed Jun 2022 37.15 36.85 37.35 36.70 0.366 times
31 Tue May 2022 36.55 37.05 37.25 36.45 0.612 times
30 Mon May 2022 36.70 37.50 38.05 36.70 0.496 times
27 Fri May 2022 37.05 37.00 37.40 36.50 0.631 times
26 Thu May 2022 36.40 37.40 37.65 34.95 2.253 times
25 Wed May 2022 36.95 38.10 38.70 36.40 2.409 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 36.8 and if this stock hits its stoploss, then it can fall down till 35.78

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.30
Downside Target 33.00
Downside Target 34.30
Downside Target 36.05
Upside Target 37.75
Upside Target 38.60
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 36.05
Downside Intraday Target 35.2
Upside Intraday Target 37.75
Upside Intraday Target 38.6
Downside Intraday Target 36.9

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
07 Tue Jun 2022 36.90 36.05 37.75 36.05 0.354 times
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

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
07 Tue Jun 2022 36.90 36.85 38.45 36.05 0.067 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 12, 20, 25 Sell
MACD -0, -0Buy
Stochastics 56None
CCI -10Sell
RSI 50Buy
OBV -166399Sell
VWAP 37Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

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 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 to mid 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 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 tired and bears are picking up momentum.

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 36.86 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 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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