(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 2022-06-27 View latest technical analysis
10 day averaged volume of Pennar Steel is 28082
|Date||Daily Closing Price||Open||High||Low||Volume|
|27 Mon Jun 2022||36.15||35.00||36.45||34.65||1.014 times|
|24 Fri Jun 2022||34.50||33.90||34.80||33.65||0.579 times|
|23 Thu Jun 2022||33.60||32.55||33.95||32.40||0.227 times|
|22 Wed Jun 2022||32.45||33.25||33.40||32.10||1.04 times|
|21 Tue Jun 2022||32.95||31.80||33.10||31.80||1.478 times|
|20 Mon Jun 2022||31.30||34.95||34.95||31.05||1.027 times|
|17 Fri Jun 2022||32.25||33.45||33.60||32.00||0.545 times|
|16 Thu Jun 2022||33.20||35.75||35.75||32.90||1.199 times|
|15 Wed Jun 2022||35.10||34.30||35.25||33.85||1.15 times|
|14 Tue Jun 2022||34.95||36.25||36.45||34.70||1.622 times|
My analysis of stock is bullish for shortterm, and stock might move up till 37.5 or till 39.9. Use a stoploss of 35.41 and if this stock hits its stoploss, then it can fall down till 33.35
Share price targets for Pennar Steel (PennarSteel)
Intraday share price targets for Pennar Steel (PennarSteel)
|Downside Intraday Target||35.05|
|Downside Intraday Target||33.95|
|Upside Intraday Target||36.85|
|Upside Intraday Target||37.55|
|Downside Intraday Target||35.75|
Weekly technical analysis of Pennar Steel (PennarSteel)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|27 Mon Jun 2022||36.15||35.00||36.45||34.65||0.233 times|
|24 Fri Jun 2022||34.50||34.95||34.95||31.05||0.77 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|
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|
|27 Mon Jun 2022||36.15||36.85||38.45||31.05||0.342 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||25, 17, 21||Buy|
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
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 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 BUY. 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.
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 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 33.73 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.