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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 2023-09-13 View latest technical analysis

10 day averaged volume of Pennar Steel is 142725

Date Daily Closing Price Open High Low Volume
13 Wed Sep 2023 106.95 102.50 109.55 102.50 1.532 times
12 Tue Sep 2023 103.80 111.05 113.55 100.90 1.525 times
11 Mon Sep 2023 113.05 114.30 116.35 112.45 0.494 times
08 Fri Sep 2023 114.20 114.50 116.40 113.90 0.452 times
07 Thu Sep 2023 114.15 111.65 114.50 111.20 0.339 times
06 Wed Sep 2023 111.75 112.55 114.55 110.55 1.059 times
05 Tue Sep 2023 112.50 113.00 115.10 111.45 0.88 times
04 Mon Sep 2023 113.15 111.30 114.05 111.20 1.835 times
01 Fri Sep 2023 111.20 118.55 118.55 108.85 1.477 times
31 Thu Aug 2023 118.29 116.89 119.70 114.90 1.548 times

My analysis of stock is bearish for shortterm, and stock might move down till 102.9 or till 95. Use a stoploss of 109.41 and if the stock hits stoploss, then it can shoot up till 115.95

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 100.90
Upside Target 108.85
Upside 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 99.78
Downside Intraday Target 92.62
Upside Intraday Target 115.23
Upside Intraday Target 123.52
Upside Intraday Target 108.07

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
13 Wed Sep 2023 106.95 114.30 116.35 100.90 0.778 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
13 Wed Sep 2023 106.95 118.55 118.55 100.90 0.269 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Strong and stock is gaining 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 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 111.36 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Strong and stock is gaining 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 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 111.36 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.

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Daily charts

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