(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 2023-01-31 View latest technical analysis
10 day averaged volume of Pennar Steel is 51186
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Tue Jan 2023 | 54.90 | 53.85 | 55.30 | 53.85 | 0.645 times |
| 30 Mon Jan 2023 | 53.85 | 54.35 | 56.30 | 53.15 | 0.681 times |
| 27 Fri Jan 2023 | 54.95 | 56.05 | 56.90 | 53.25 | 0.786 times |
| 25 Wed Jan 2023 | 56.05 | 56.40 | 56.55 | 55.05 | 0.553 times |
| 24 Tue Jan 2023 | 56.55 | 56.05 | 58.35 | 56.05 | 0.486 times |
| 23 Mon Jan 2023 | 56.90 | 59.45 | 59.45 | 56.75 | 0.428 times |
| 20 Fri Jan 2023 | 57.65 | 59.45 | 59.50 | 56.85 | 0.461 times |
| 19 Thu Jan 2023 | 59.00 | 59.35 | 60.55 | 58.40 | 0.839 times |
| 18 Wed Jan 2023 | 59.25 | 58.70 | 60.50 | 58.45 | 1.981 times |
| 17 Tue Jan 2023 | 58.70 | 61.05 | 61.05 | 58.10 | 2.281 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.6, but if it comes above 55.6, then a intra day buy could be more profitable.
If you take a sell trade below 55.6, then use 55.6 as stoploss and 53.5 as target. However if you take a buy trade in stock , then use 55.6 as stoploss and 57.33 as target.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 40.10 |
| Downside Target | 41.85 |
| Downside Target | 50.00 |
| Downside Target | 53.15 |
| Upside Target | 54.95 |
| Upside Target | 56.30 |
| Upside Target | 59.45 |
| 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 | 53.27 |
| Downside Intraday Target | 51.63 |
| Upside Intraday Target | 56.42 |
| Upside Intraday Target | 57.93 |
| Downside Intraday Target | 54.78 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Tue Jan 2023 | 54.90 | 54.35 | 56.30 | 53.15 | 0.589 times |
| 27 Fri Jan 2023 | 54.95 | 59.45 | 59.45 | 53.25 | 0.319 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 |
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 |
| 31 Tue Jan 2023 | 54.90 | 57.85 | 63.30 | 53.15 | 0.577 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 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 9, 21, 38 | Sell |
| MACD | -2, -1 | Sell |
| Stochastics | 16 | Sell |
| CCI | -95 | Buy |
| RSI | 59 | Buy |
| OBV | -26063 | Sell |
| VWAP | 57 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| 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 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 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 57.48 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.
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