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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)

10 day averaged volume of Pennar Steel is 79334

Date Daily Closing Price Open High Low Volume
26 Thu Dec 2024 195.70 201.80 201.80 193.60 0.94 times
24 Tue Dec 2024 196.80 189.10 200.60 187.45 0.889 times
23 Mon Dec 2024 189.05 193.20 197.90 187.85 1.023 times
20 Fri Dec 2024 191.95 203.00 204.20 190.85 0.974 times
19 Thu Dec 2024 203.70 200.05 205.85 198.75 1.334 times
18 Wed Dec 2024 203.95 208.95 211.15 202.45 0.711 times
17 Tue Dec 2024 206.55 210.95 213.00 205.35 0.853 times
16 Mon Dec 2024 212.20 215.90 216.95 210.35 1.235 times
13 Fri Dec 2024 215.90 217.05 223.65 212.05 1.238 times
12 Thu Dec 2024 214.30 217.65 218.50 212.95 0.8 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 199.7, but if it comes above 199.7, then a intra day buy could be more profitable.
If you take a sell trade below 199.7, then use 199.7 as stoploss and 187.6 as target. However if you take a buy trade in stock , then use 199.7 as stoploss and 209.87 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 162.00
Downside Target 186.50
Upside Target 201.40
Upside Target 209.00
Upside Target 212.05
Upside Target 214.00
Upside Target 215.00
Upside Target 216.95
Upside Target 226.65
Upside Target 227.70

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 188.17
Downside Intraday Target 180.63
Upside Intraday Target 202.52
Upside Intraday Target 209.33
Downside Intraday Target 194.98

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
26 Thu Dec 2024 195.70 193.20 201.80 187.45 0.559 times
20 Fri Dec 2024 191.95 215.90 216.95 190.85 0.982 times
13 Fri Dec 2024 215.90 221.00 226.65 212.05 0.704 times
06 Fri Dec 2024 220.45 209.95 227.70 209.00 0.851 times
29 Fri Nov 2024 208.60 203.05 214.00 193.95 1.764 times

Price has moved up 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
26 Thu Dec 2024 195.70 209.95 227.70 187.45 0.808 times
29 Fri Nov 2024 208.60 197.55 214.00 168.15 0.617 times
31 Thu Oct 2024 194.75 175.45 215.00 167.00 1.489 times
30 Mon Sep 2024 170.45 175.05 186.50 162.00 1.261 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)

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining 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 203.36 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining 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 203.36 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Pennar Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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