(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 2023-01-10 View latest technical analysis
10 day averaged volume of Pennar Steel is 59941
Date | Daily Closing Price | Open | High | Low | Volume |
10 Tue Jan 2023 | 55.95 | 57.10 | 57.20 | 55.60 | 0.336 times |
09 Mon Jan 2023 | 56.65 | 55.30 | 57.80 | 55.30 | 0.488 times |
06 Fri Jan 2023 | 56.30 | 57.45 | 57.85 | 55.50 | 0.833 times |
05 Thu Jan 2023 | 57.60 | 55.95 | 58.75 | 55.95 | 0.517 times |
04 Wed Jan 2023 | 56.95 | 57.90 | 58.70 | 56.20 | 1.283 times |
03 Tue Jan 2023 | 57.85 | 54.95 | 59.50 | 54.95 | 0.631 times |
02 Mon Jan 2023 | 58.70 | 57.85 | 59.60 | 57.00 | 1.147 times |
30 Fri Dec 2022 | 56.75 | 57.55 | 58.75 | 56.30 | 0.788 times |
29 Thu Dec 2022 | 57.00 | 57.50 | 57.50 | 56.00 | 0.704 times |
28 Wed Dec 2022 | 57.35 | 56.60 | 57.95 | 56.60 | 0.724 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 55 as stoploss in an intra day buy trade for a target of 57.89. However, stock will show a bearish move below 55.
Share price targets for Pennar Steel (PennarSteel)
Target Type | Value |
Downside Target | 40.10 |
Downside Target | 41.85 |
Downside Target | 50.00 |
Downside Target | 54.95 |
Upside Target | 56.60 |
Upside Target | 57.80 |
Upside Target | 59.60 |
Upside Target | 60.05 |
Upside Target | 62.35 |
Upside Target | 62.95 |
Upside Target | 65.95 |
Upside Target | 70.20 |
Intraday share price targets for Pennar Steel (PennarSteel)
Target Type | Value |
Downside Intraday Target | 54.9 |
Downside Intraday Target | 53.85 |
Upside Intraday Target | 57.4 |
Upside Intraday Target | 58.85 |
Upside Intraday Target | 56.35 |
Weekly technical analysis of Pennar Steel (PennarSteel)
Date | Weekly Closing Price | Open | High | Low | Volume |
10 Tue Jan 2023 | 55.95 | 55.30 | 57.80 | 55.30 | 0.187 times |
06 Fri Jan 2023 | 56.30 | 57.85 | 59.60 | 54.95 | 0.692 times |
30 Fri Dec 2022 | 56.75 | 50.40 | 58.75 | 50.40 | 0.733 times |
23 Fri Dec 2022 | 50.15 | 60.85 | 62.95 | 50.00 | 1.061 times |
16 Fri Dec 2022 | 60.85 | 62.65 | 65.95 | 60.05 | 1.021 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 |
10 Tue Jan 2023 | 55.95 | 57.85 | 59.60 | 54.95 | 0.156 times |
30 Fri Dec 2022 | 56.75 | 62.60 | 65.95 | 50.00 | 0.463 times |
30 Wed Nov 2022 | 62.70 | 59.50 | 70.20 | 56.60 | 1.185 times |
31 Mon Oct 2022 | 59.50 | 41.90 | 62.35 | 41.85 | 1.402 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)
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 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 57.23 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.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 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 57.23 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