(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 2022-06-13 View latest technical analysis
10 day averaged volume of Pennar Steel is 19893
|Date||Daily Closing Price||Open||High||Low||Volume|
|13 Mon Jun 2022||36.45||37.20||37.20||36.00||1.598 times|
|10 Fri Jun 2022||37.20||36.65||37.45||36.45||0.891 times|
|09 Thu Jun 2022||37.10||37.70||37.95||36.30||1.517 times|
|08 Wed Jun 2022||37.90||37.40||37.95||36.90||1.591 times|
|07 Tue Jun 2022||36.90||37.65||37.65||36.55||0.992 times|
|06 Mon Jun 2022||37.60||36.05||37.75||36.05||0.579 times|
|03 Fri Jun 2022||36.95||38.45||38.45||36.30||1.698 times|
|02 Thu Jun 2022||37.90||38.00||38.00||37.00||0.606 times|
|01 Wed Jun 2022||37.15||36.85||37.35||36.70||0.528 times|
|31 Tue May 2022||36.55||37.05||37.25||36.45||0.882 times|
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 36.7, but if it comes above 36.7, then a intra day buy could be more profitable.
If you take a sell trade below 36.7, then use 36.7 as stoploss and 36.1 as target. However if you take a buy trade in stock , then use 36.7 as stoploss and 37.21 as target.
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||35.9|
|Downside Intraday Target||35.35|
|Upside Intraday Target||37.1|
|Upside Intraday Target||37.75|
|Upside Intraday Target||36.55|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|13 Mon Jun 2022||36.45||37.20||37.20||36.00||0.287 times|
|10 Fri Jun 2022||37.20||36.05||37.95||36.05||1.257 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|
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|
|13 Mon Jun 2022||36.45||36.85||38.45||36.00||0.151 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 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||10, 21, 38||Sell|
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 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
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 and the sell signal is strong.
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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below 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 SELL signal in short term but selling is losing 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 37.12 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.