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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)

10 day averaged volume of Pennar Steel is 36598

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri May 2025	172.30	159.30	175.00	159.30	0.75 times
08 Thu May 2025	176.35	194.00	194.00	175.45	1.28 times
07 Wed May 2025	178.10	171.05	178.55	171.05	0.532 times
06 Tue May 2025	173.95	182.05	183.10	173.45	0.579 times
05 Mon May 2025	183.45	181.70	185.25	181.10	0.654 times
02 Fri May 2025	182.45	180.05	187.65	180.05	0.435 times
30 Wed Apr 2025	183.20	188.10	188.10	182.05	0.669 times
29 Tue Apr 2025	186.15	193.25	193.25	185.25	0.409 times
28 Mon Apr 2025	191.20	189.05	193.35	186.65	0.922 times
25 Fri Apr 2025	189.80	198.00	199.65	188.10	4.078 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 176.6, but if it comes above 176.6, then a intra day buy could be more profitable.
If you take a sell trade below 176.6, then use 176.6 as stoploss and 167.7 as target. However if you take a buy trade in stock , then use 176.6 as stoploss and 183.97 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Target	136.60
Downside Target	148.10
Downside Target	159.30
Downside Target	170.30
Upside Target	178.75
Upside Target	191.30
Upside Target	193.35
Upside Target	194.00
Upside Target	194.50
Upside Target	202.20
Upside Target	204.20

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Intraday Target	156.4
Downside Intraday Target	140.5
Upside Intraday Target	191.1
Upside Intraday Target	209.9
Upside Intraday Target	175.2

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri May 2025	172.30	181.70	194.00	159.30	1.558 times
02 Fri May 2025	182.45	189.05	193.35	180.05	0.317 times
25 Fri Apr 2025	189.80	185.80	202.20	185.80	2.906 times
17 Thu Apr 2025	186.35	183.50	191.30	182.75	0.899 times
11 Fri Apr 2025	179.40	183.00	183.75	170.30	0.853 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Steel (PennarSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Fri May 2025	172.30	180.05	194.00	159.30	0.226 times
30 Wed Apr 2025	183.20	188.00	202.20	170.30	0.837 times
28 Fri Mar 2025	187.65	154.05	194.50	149.95	0.809 times
28 Fri Feb 2025	156.50	159.00	178.75	136.60	0.839 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Weak 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 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 green color and prices are in or below the green 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 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 184.2 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.