(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 2023-01-20 View latest technical analysis
10 day averaged volume of Pennar Steel is 74331
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Fri Jan 2023 | 57.65 | 59.45 | 59.50 | 56.85 | 0.317 times |
| 19 Thu Jan 2023 | 59.00 | 59.35 | 60.55 | 58.40 | 0.578 times |
| 18 Wed Jan 2023 | 59.25 | 58.70 | 60.50 | 58.45 | 1.364 times |
| 17 Tue Jan 2023 | 58.70 | 61.05 | 61.05 | 58.10 | 1.571 times |
| 16 Mon Jan 2023 | 59.90 | 61.30 | 61.70 | 59.50 | 1.036 times |
| 13 Fri Jan 2023 | 60.70 | 59.75 | 63.30 | 59.35 | 2.13 times |
| 12 Thu Jan 2023 | 59.55 | 58.00 | 60.00 | 56.65 | 1.107 times |
| 11 Wed Jan 2023 | 57.30 | 55.05 | 58.55 | 55.05 | 0.878 times |
| 10 Tue Jan 2023 | 55.95 | 57.10 | 57.20 | 55.60 | 0.271 times |
| 09 Mon Jan 2023 | 56.65 | 55.30 | 57.80 | 55.30 | 0.394 times |
My analysis of stock is bearish for shortterm, and stock might move down till 56.5 or till 54.9. Use a stoploss of 57.84 and if the stock hits stoploss, then it can shoot up till 59.16
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 |
| Upside Target | 58.75 |
| 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 | 55.77 |
| Downside Intraday Target | 53.88 |
| Upside Intraday Target | 60.62 |
| Upside Intraday Target | 63.58 |
| Upside Intraday Target | 58.73 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Fri Jan 2023 | 57.65 | 61.30 | 61.70 | 56.85 | 1.018 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 |
| 20 Fri Jan 2023 | 57.65 | 57.85 | 63.30 | 54.95 | 0.486 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 | 17, 19, 6 | Sell |
| MACD | -0, -0 | Buy |
| Stochastics | 43 | None |
| CCI | -30 | Sell |
| RSI | 57 | Buy |
| OBV | -62595 | 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 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 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 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 SELL. 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.
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 but buying is losing 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 59.14 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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