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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 2023-01-23 View latest technical analysis

10 day averaged volume of Pennar Steel is 71694

Date Daily Closing Price Open High Low Volume
23 Mon Jan 2023 56.90 59.45 59.45 56.75 0.305 times
20 Fri Jan 2023 57.65 59.45 59.50 56.85 0.329 times
19 Thu Jan 2023 59.00 59.35 60.55 58.40 0.599 times
18 Wed Jan 2023 59.25 58.70 60.50 58.45 1.414 times
17 Tue Jan 2023 58.70 61.05 61.05 58.10 1.629 times
16 Mon Jan 2023 59.90 61.30 61.70 59.50 1.074 times
13 Fri Jan 2023 60.70 59.75 63.30 59.35 2.208 times
12 Thu Jan 2023 59.55 58.00 60.00 56.65 1.148 times
11 Wed Jan 2023 57.30 55.05 58.55 55.05 0.91 times
10 Tue Jan 2023 55.95 57.10 57.20 55.60 0.281 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 56.6 as stoploss in an intra day buy trade for a target of 57.89. However, stock will show a bearish move below 56.6.

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
Upside Target 58.75
Upside Target 59.60
Upside Target 61.70
Upside Target 62.35
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 55.95
Downside Intraday Target 55
Upside Intraday Target 58.65
Upside Intraday Target 60.4
Upside Intraday Target 57.7

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
23 Mon Jan 2023 56.90 59.45 59.45 56.75 0.061 times
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

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
23 Mon Jan 2023 56.90 57.85 63.30 54.95 0.497 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 15, 18, 8 Sell
MACD -0, -0Sell
Stochastics 34None
CCI -57Sell
RSI 57Buy
OBV 185745Sell
VWAP 59Sell
ADL 0Sell
ROC 0Buy
Force Index 0Sell

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 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 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 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 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 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 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 59.17 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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Daily charts

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Daily chart

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