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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 2022-06-22 View latest technical analysis

10 day averaged volume of Pennar Steel is 30853

Date Daily Closing Price Open High Low Volume
22 Wed Jun 2022 32.45 33.25 33.40 32.10 0.946 times
21 Tue Jun 2022 32.95 31.80 33.10 31.80 1.346 times
20 Mon Jun 2022 31.30 34.95 34.95 31.05 0.935 times
17 Fri Jun 2022 32.25 33.45 33.60 32.00 0.496 times
16 Thu Jun 2022 33.20 35.75 35.75 32.90 1.092 times
15 Wed Jun 2022 35.10 34.30 35.25 33.85 1.047 times
14 Tue Jun 2022 34.95 36.25 36.45 34.70 1.476 times
13 Mon Jun 2022 36.45 37.20 37.20 36.00 1.031 times
10 Fri Jun 2022 37.20 36.65 37.45 36.45 0.575 times
09 Thu Jun 2022 37.10 37.70 37.95 36.30 0.978 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.7, but if it comes above 33.7, then a intra day buy could be more profitable.
If you take a sell trade below 33.7, then use 33.7 as stoploss and 31.2 as target. However if you take a buy trade in stock , then use 33.7 as stoploss and 35.7 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 31.05
Downside Target 32.00
Upside Target 33.00
Upside Target 34.30
Upside Target 36.05
Upside Target 37.20
Upside Target 37.95
Upside Target 38.45
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 30.68
Downside Intraday Target 28.92
Upside Intraday Target 34.58
Upside Intraday Target 36.72
Upside Intraday Target 32.82

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
22 Wed Jun 2022 32.45 34.95 34.95 31.05 0.628 times
17 Fri Jun 2022 32.25 37.20 37.20 32.00 1.432 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

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
22 Wed Jun 2022 32.45 36.85 38.45 31.05 0.305 times
31 Tue May 2022 36.55 39.15 41.15 33.00 0.498 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 12, 22, 29 Sell
MACD -2, -2Sell
Stochastics 17Sell
CCI -75Buy
RSI 45Sell
OBV -258270Sell
VWAP 34Sell
ADL 0Sell
ROC -14Sell
Force Index 0Sell

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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.

Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 34.28 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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