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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 2024-03-11 View latest technical analysis

10 day averaged volume of Pennar Steel is 60881

Date Daily Closing Price Open High Low Volume
11 Mon Mar 2024 121.85 129.70 131.00 121.05 2.151 times
07 Thu Mar 2024 129.70 127.05 132.10 127.05 1.059 times
06 Wed Mar 2024 127.50 134.10 134.60 126.15 0.876 times
05 Tue Mar 2024 134.35 137.50 137.50 134.00 1.121 times
04 Mon Mar 2024 137.05 138.00 138.65 134.80 0.497 times
02 Sat Mar 2024 137.35 137.50 139.95 135.00 0.054 times
01 Fri Mar 2024 137.00 135.30 138.70 135.30 0.643 times
29 Thu Feb 2024 134.10 135.05 135.65 131.20 2.341 times
28 Wed Feb 2024 135.75 138.05 140.75 134.30 0.952 times
27 Tue Feb 2024 139.45 141.65 143.40 138.40 1.502 times

Stock of Pennar Steel (PennarSteel) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 123.4, for a target of 131.7 or 138.58

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 100.95
Downside Target 113.05
Downside Target 121.05
Upside Target 123.85
Upside Target 130.50
Upside Target 138.65
Upside Target 139.95
Upside Target 143.40
Upside Target 154.85
Upside Target 155.00
Upside Target 156.90
Upside Target 162.30

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 118.27
Downside Intraday Target 114.68
Upside Intraday Target 128.22
Upside Intraday Target 134.58
Upside Intraday Target 124.63

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
11 Mon Mar 2024 121.85 129.70 131.00 121.05 0.606 times
07 Thu Mar 2024 129.70 138.00 138.65 126.15 0.551 times
02 Sat Mar 2024 137.35 141.70 143.40 131.20 1.034 times
23 Fri Feb 2024 141.40 146.55 155.00 134.20 0.801 times
16 Fri Feb 2024 143.75 149.85 154.85 136.85 0.691 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 Mar 2024 121.85 135.30 139.95 121.05 0.187 times
29 Thu Feb 2024 134.10 154.55 162.30 131.20 0.533 times
31 Wed Jan 2024 153.35 124.05 156.90 123.85 1.258 times
29 Fri Dec 2023 124.55 120.60 130.50 113.05 0.871 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 132.01 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.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 132.01 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.

Click here for Pennar Steel charts

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Daily charts

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