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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 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 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.