(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 2023-02-02 View latest technical analysis
10 day averaged volume of Pennar Steel is 41566
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Thu Feb 2023 | 54.30 | 53.15 | 54.95 | 52.95 | 1.078 times |
| 01 Wed Feb 2023 | 53.30 | 53.90 | 56.45 | 53.00 | 1.553 times |
| 31 Tue Jan 2023 | 54.90 | 53.85 | 55.30 | 53.85 | 0.795 times |
| 30 Mon Jan 2023 | 53.85 | 54.35 | 56.30 | 53.15 | 0.838 times |
| 27 Fri Jan 2023 | 54.95 | 56.05 | 56.90 | 53.25 | 0.968 times |
| 25 Wed Jan 2023 | 56.05 | 56.40 | 56.55 | 55.05 | 0.681 times |
| 24 Tue Jan 2023 | 56.55 | 56.05 | 58.35 | 56.05 | 0.598 times |
| 23 Mon Jan 2023 | 56.90 | 59.45 | 59.45 | 56.75 | 0.527 times |
| 20 Fri Jan 2023 | 57.65 | 59.45 | 59.50 | 56.85 | 0.567 times |
| 19 Thu Jan 2023 | 59.00 | 59.35 | 60.55 | 58.40 | 1.034 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.9, but if it comes above 54.9, then a intra day buy could be more profitable.
If you take a sell trade below 54.9, then use 54.9 as stoploss and 52.5 as target. However if you take a buy trade in stock , then use 54.9 as stoploss and 56.97 as target.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 41.85 |
| Downside Target | 50.00 |
| Downside Target | 52.95 |
| Upside Target | 54.95 |
| Upside Target | 56.45 |
| Upside Target | 59.45 |
| 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 | 52.68 |
| Downside Intraday Target | 51.07 |
| Upside Intraday Target | 56.18 |
| Upside Intraday Target | 58.07 |
| Upside Intraday Target | 54.57 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Thu Feb 2023 | 54.30 | 54.35 | 56.45 | 52.95 | 1.537 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Pennar Steel (PennarSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 02 Thu Feb 2023 | 54.30 | 53.90 | 56.45 | 52.95 | 0.094 times |
| 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 |
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 | 12, 17, 19 | Sell |
| MACD | -2, -1 | Sell |
| Stochastics | 15 | Sell |
| CCI | -83 | Sell |
| RSI | 57 | Buy |
| OBV | -76714 | Sell |
| VWAP | 55 | 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 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 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 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 55.44 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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