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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 2023-01-12 View latest technical analysis

10 day averaged volume of Pennar Steel is 46856

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Jan 2023	59.55	58.00	60.00	56.65	1.756 times
11 Wed Jan 2023	57.30	55.05	58.55	55.05	1.392 times
10 Tue Jan 2023	55.95	57.10	57.20	55.60	0.43 times
09 Mon Jan 2023	56.65	55.30	57.80	55.30	0.624 times
06 Fri Jan 2023	56.30	57.45	57.85	55.50	1.066 times
05 Thu Jan 2023	57.60	55.95	58.75	55.95	0.662 times
04 Wed Jan 2023	56.95	57.90	58.70	56.20	1.641 times
03 Tue Jan 2023	57.85	54.95	59.50	54.95	0.808 times
02 Mon Jan 2023	58.70	57.85	59.60	57.00	1.468 times
30 Fri Dec 2022	56.75	57.55	58.75	56.30	1.008 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 59.9 as stoploss in an intra day sell trade for a target of 57.48. However, stock will show a bullish move above 59.9.

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
Downside Target	56.60
Downside Target	58.75
Upside Target	60.00
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	56.4
Downside Intraday Target	53.25
Upside Intraday Target	61.35
Upside Intraday Target	63.15
Downside Intraday Target	58.2

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Jan 2023	59.55	55.30	60.00	55.05	0.745 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 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
12 Thu Jan 2023	59.55	57.85	60.00	54.95	0.229 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 up 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid 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 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 Weak and stock is losing 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 57.62 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 rising upwards.

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 is giving positive 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.