Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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)

Target Type Value
Downside Target 31.30
Downside Target 33.00
Downside Target 34.30
Downside Target 36.00
Upside Target 37.20
Upside Target 37.95
Upside Target 38.45
Upside Target 38.60
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 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
MACD -0, -0Sell
Stochastics 37None
CCI -166Sell
RSI 49Sell
OBV 48834Sell
VWAP 37Sell
ADL 0Sell
ROC -1Sell
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 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.

Click here for Pennar Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme