(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 2024-03-14 View latest technical analysis
10 day averaged volume of Pennar Steel is 98734
Date | Daily Closing Price | Open | High | Low | Volume |
14 Thu Mar 2024 | 126.70 | 108.95 | 129.00 | 107.00 | 1.917 times |
13 Wed Mar 2024 | 109.20 | 120.00 | 120.65 | 107.95 | 3.075 times |
12 Tue Mar 2024 | 118.45 | 124.60 | 126.10 | 117.10 | 1.535 times |
11 Mon Mar 2024 | 121.85 | 129.70 | 131.00 | 121.05 | 1.326 times |
07 Thu Mar 2024 | 129.70 | 127.05 | 132.10 | 127.05 | 0.653 times |
06 Wed Mar 2024 | 127.50 | 134.10 | 134.60 | 126.15 | 0.54 times |
05 Tue Mar 2024 | 134.35 | 137.50 | 137.50 | 134.00 | 0.691 times |
04 Mon Mar 2024 | 137.05 | 138.00 | 138.65 | 134.80 | 0.306 times |
02 Sat Mar 2024 | 137.35 | 137.50 | 139.95 | 135.00 | 0.033 times |
01 Fri Mar 2024 | 137.00 | 135.30 | 138.70 | 135.30 | 0.397 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 125 as stoploss in an intra day buy trade for a target of 133.99. However, stock will show a bearish move below 125.
Share price targets for Pennar Steel (PennarSteel)
Target Type | Value |
Downside Target | 100.95 |
Downside Target | 107.00 |
Downside Target | 113.05 |
Downside 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 | 112.13 |
Downside Intraday Target | 97.57 |
Upside Intraday Target | 136.13 |
Upside Intraday Target | 145.57 |
Downside Intraday Target | 121.57 |
Weekly technical analysis of Pennar Steel (PennarSteel)
Date | Weekly Closing Price | Open | High | Low | Volume |
14 Thu Mar 2024 | 126.70 | 129.70 | 131.00 | 107.00 | 3.585 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Pennar Steel (PennarSteel)
Date | Monthly Closing Price | Open | High | Low | Volume |
14 Thu Mar 2024 | 126.70 | 135.30 | 139.95 | 107.00 | 0.496 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 red color and prices are in or above the red 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 SELL signal in short term but selling is losing 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 121.2 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 red color and prices are in or above the red 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 SELL signal in short term but selling is losing 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 121.2 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.
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