(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 2023-01-19 View latest technical analysis
10 day averaged volume of Pennar Steel is 73134
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Thu Jan 2023 | 59.00 | 59.35 | 60.55 | 58.40 | 0.587 times |
| 18 Wed Jan 2023 | 59.25 | 58.70 | 60.50 | 58.45 | 1.386 times |
| 17 Tue Jan 2023 | 58.70 | 61.05 | 61.05 | 58.10 | 1.597 times |
| 16 Mon Jan 2023 | 59.90 | 61.30 | 61.70 | 59.50 | 1.053 times |
| 13 Fri Jan 2023 | 60.70 | 59.75 | 63.30 | 59.35 | 2.165 times |
| 12 Thu Jan 2023 | 59.55 | 58.00 | 60.00 | 56.65 | 1.125 times |
| 11 Wed Jan 2023 | 57.30 | 55.05 | 58.55 | 55.05 | 0.892 times |
| 10 Tue Jan 2023 | 55.95 | 57.10 | 57.20 | 55.60 | 0.276 times |
| 09 Mon Jan 2023 | 56.65 | 55.30 | 57.80 | 55.30 | 0.4 times |
| 06 Fri Jan 2023 | 56.30 | 57.45 | 57.85 | 55.50 | 0.683 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 59.6 as stoploss in an intra day sell trade for a target of 57.46. However, stock will show a bullish move above 59.6.
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 | 58.10 |
| Upside Target | 61.70 |
| Upside Target | 62.35 |
| Upside Target | 62.95 |
| Upside Target | 63.30 |
| Upside Target | 65.95 |
| Upside Target | 70.20 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 57.5 |
| Downside Intraday Target | 56 |
| Upside Intraday Target | 61.1 |
| Upside Intraday Target | 63.2 |
| Upside Intraday Target | 59.6 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Thu Jan 2023 | 59.00 | 61.30 | 61.70 | 58.10 | 0.952 times |
| 13 Fri Jan 2023 | 60.70 | 55.30 | 63.30 | 55.05 | 1.343 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 |
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 |
| 19 Thu Jan 2023 | 59.00 | 57.85 | 63.30 | 54.95 | 0.475 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 | 1.331 times |
| 31 Mon Oct 2022 | 59.50 | 41.90 | 62.35 | 41.85 | 1.248 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 18, 15, 11 | Buy |
| MACD | -0, -0 | Buy |
| Stochastics | 48 | None |
| CCI | 38 | Sell |
| RSI | 57 | Buy |
| OBV | -115323 | Sell |
| VWAP | 59 | Sell |
| ADL | 0 | Sell |
| ROC | 2 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 to mid 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 mid to longer term time period is
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. Bears 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 coming down
CCI has generated a SELL signal for Pennar Steel in short term but SELL signal is weak.
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 59 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. 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.
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