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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 2024-03-18 View latest technical analysis

10 day averaged volume of Pennar Steel is 107695

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 119.50 123.55 125.50 119.00 1.683 times
15 Fri Mar 2024 123.30 128.05 128.05 119.70 0.762 times
14 Thu Mar 2024 126.70 108.95 129.00 107.00 1.757 times
13 Wed Mar 2024 109.20 120.00 120.65 107.95 2.819 times
12 Tue Mar 2024 118.45 124.60 126.10 117.10 1.407 times
11 Mon Mar 2024 121.85 129.70 131.00 121.05 1.216 times
07 Thu Mar 2024 129.70 127.05 132.10 127.05 0.598 times
06 Wed Mar 2024 127.50 134.10 134.60 126.15 0.495 times
05 Tue Mar 2024 134.35 137.50 137.50 134.00 0.633 times
04 Mon Mar 2024 137.05 138.00 138.65 134.80 0.281 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 122.6, but if it comes above 122.6, then a intra day buy could be more profitable.
If you take a sell trade below 122.6, then use 122.6 as stoploss and 111.7 as target. However if you take a buy trade in stock , then use 122.6 as stoploss and 131.79 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 100.95
Downside Target 107.00
Downside Target 113.05
Downside Target 119.00
Upside Target 123.85
Upside Target 130.50
Upside Target 134.20
Upside Target 138.65
Upside Target 139.95
Upside Target 143.40
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 117.17
Downside Intraday Target 114.83
Upside Intraday Target 123.67
Upside Intraday Target 127.83
Upside Intraday Target 121.33

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 119.50 123.55 125.50 119.00 0.211 times
15 Fri Mar 2024 123.30 129.70 131.00 107.00 3.965 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

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 Mar 2024 119.50 135.30 139.95 107.00 0.622 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 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 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 gaining momentum.

MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.

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. Bears are weakening, and bulls are picking up momentum!

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 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 120.56 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 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 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 gaining momentum.

MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.

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. Bears are weakening, and bulls are picking up momentum!

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 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 120.56 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

Click here for further forecast and predictions for tomorrow

Daily charts

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