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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 2023-09-11 View latest technical analysis

10 day averaged volume of Pennar Steel is 154822

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Sep 2023	113.05	114.30	116.35	112.45	0.456 times
08 Fri Sep 2023	114.20	114.50	116.40	113.90	0.417 times
07 Thu Sep 2023	114.15	111.65	114.50	111.20	0.313 times
06 Wed Sep 2023	111.75	112.55	114.55	110.55	0.976 times
05 Tue Sep 2023	112.50	113.00	115.10	111.45	0.811 times
04 Mon Sep 2023	113.15	111.30	114.05	111.20	1.692 times
01 Fri Sep 2023	111.20	118.55	118.55	108.85	1.361 times
31 Thu Aug 2023	118.29	116.89	119.70	114.90	1.427 times
30 Wed Aug 2023	114.67	119.77	119.77	113.06	0.36 times
29 Tue Aug 2023	116.59	115.94	118.99	115.10	1.004 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 116.7 as stoploss in an intra day sell trade for a target of 107.8. However, stock will show a bullish move above 116.7.

Share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Target	66.59
Downside Target	76.70
Downside Target	82.50
Downside Target	90.87
Downside Target	94.56
Downside Target	96.79
Downside Target	108.85
Downside Target	112.65
Upside Target	116.35
Upside Target	116.40
Upside Target	118.55
Upside Target	119.77

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Intraday Target	111.55
Downside Intraday Target	110.05
Upside Intraday Target	115.45
Upside Intraday Target	117.85
Upside Intraday Target	113.95

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Sep 2023	113.05	114.30	116.35	112.45	0.108 times
08 Fri Sep 2023	114.20	111.30	116.40	110.55	0.727 times
01 Fri Sep 2023	111.20	111.99	119.77	108.85	0.42 times
25 Fri Aug 2023	108.25	96.74	112.65	94.56	1.571 times
18 Fri Aug 2023	95.09	86.43	96.79	83.45	2.022 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
11 Mon Sep 2023	113.05	118.55	118.55	108.85	0.183 times
31 Thu Aug 2023	118.29	83.40	119.77	77.60	1.955 times
31 Mon Jul 2023	82.61	77.21	90.87	76.70	1.457 times
30 Fri Jun 2023	77.10	67.52	82.50	67.52	1.127 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 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 BUY. Signal strength is Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 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 114 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.