(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 2022-06-08 View latest technical analysis
10 day averaged volume of Pennar Steel is 27126
|Date||Daily Closing Price||Open||High||Low||Volume|
|08 Wed Jun 2022||37.90||37.40||37.95||36.90||1.166 times|
|07 Tue Jun 2022||36.90||37.65||37.65||36.55||0.727 times|
|06 Mon Jun 2022||37.60||36.05||37.75||36.05||0.424 times|
|03 Fri Jun 2022||36.95||38.45||38.45||36.30||1.245 times|
|02 Thu Jun 2022||37.90||38.00||38.00||37.00||0.445 times|
|01 Wed Jun 2022||37.15||36.85||37.35||36.70||0.387 times|
|31 Tue May 2022||36.55||37.05||37.25||36.45||0.647 times|
|30 Mon May 2022||36.70||37.50||38.05||36.70||0.525 times|
|27 Fri May 2022||37.05||37.00||37.40||36.50||0.668 times|
|26 Thu May 2022||36.40||37.40||37.65||34.95||2.383 times|
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 37.8, but if it comes below 37.8, then a intra day sell could be more profitable.
If you take a sell trade below 37.8, then use 37.8 as stoploss and 36.99 as target. However if you take a buy trade in stock , then use 37.8 as stoploss and 38.9 as target.
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||36.65|
|Downside Intraday Target||35.4|
|Upside Intraday Target||38.55|
|Upside Intraday Target||39.2|
|Downside Intraday Target||37.3|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|08 Wed Jun 2022||37.90||36.05||37.95||36.05||0.713 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 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|
|08 Wed Jun 2022||37.90||36.85||38.45||36.05||0.091 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||13, 19, 18||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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Pennar Steel in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 moving up
CCI has generated a buy signal for Pennar Steel in short term and BUY 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
Although the stock is in the SELL zone, but selling 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 36.97 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.