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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 2023-09-18 View latest technical analysis

10 day averaged volume of Pennar Steel is 133550

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Sep 2023	108.45	109.40	111.40	108.05	0.314 times
15 Fri Sep 2023	109.35	110.10	111.95	108.60	0.706 times
14 Thu Sep 2023	110.10	107.50	110.70	107.50	0.619 times
13 Wed Sep 2023	106.95	102.50	109.55	102.50	1.637 times
12 Tue Sep 2023	103.80	111.05	113.55	100.90	1.63 times
11 Mon Sep 2023	113.05	114.30	116.35	112.45	0.528 times
08 Fri Sep 2023	114.20	114.50	116.40	113.90	0.483 times
07 Thu Sep 2023	114.15	111.65	114.50	111.20	0.362 times
06 Wed Sep 2023	111.75	112.55	114.55	110.55	1.132 times
05 Tue Sep 2023	112.50	113.00	115.10	111.45	0.94 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 107.2 as stoploss in an intra day buy trade for a target of 111.01. However, stock will show a bearish move below 107.2.

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	100.90
Downside Target	108.05
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	107.2
Downside Intraday Target	105.95
Upside Intraday Target	110.55
Upside Intraday Target	112.65
Upside Intraday Target	109.3

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Sep 2023	108.45	109.40	111.40	108.05	0.061 times
15 Fri Sep 2023	109.35	114.30	116.35	100.90	1.05 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

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
18 Mon Sep 2023	108.45	118.55	118.55	100.90	0.312 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 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 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 gaining 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 stronger in this stock.

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 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

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 109.22 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.