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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 2024-03-21 View latest technical analysis

10 day averaged volume of Pennar Steel is 156047

Date Daily Closing Price Open High Low Volume
21 Thu Mar 2024 123.25 126.85 126.85 122.25 0.617 times
20 Wed Mar 2024 124.35 122.15 125.40 119.00 1.62 times
19 Tue Mar 2024 120.80 119.90 127.85 118.20 0.969 times
18 Mon Mar 2024 119.50 123.55 125.50 119.00 1.161 times
15 Fri Mar 2024 123.30 128.05 128.05 119.70 0.526 times
14 Thu Mar 2024 126.70 108.95 129.00 107.00 1.213 times
13 Wed Mar 2024 109.20 120.00 120.65 107.95 1.945 times
12 Tue Mar 2024 118.45 124.60 126.10 117.10 0.971 times
11 Mon Mar 2024 121.85 129.70 131.00 121.05 0.839 times
07 Thu Mar 2024 129.70 127.05 132.10 127.05 0.413 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 120.4 as stoploss in an intra day buy trade for a target of 129.14. However, stock will show a bearish move below 120.4.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 100.95
Downside Target 107.00
Downside Target 113.05
Downside Target 118.20
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 118.35
Downside Intraday Target 113.45
Upside Intraday Target 128
Upside Intraday Target 132.75
Downside Intraday Target 123.1

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
21 Thu Mar 2024 123.25 123.55 127.85 118.20 0.795 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
21 Thu Mar 2024 123.25 135.30 139.95 107.00 0.862 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short 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.

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 Weak 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 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Pennar Steel in short term and BUY 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

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 120.21 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short 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.

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 Weak 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 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Pennar Steel in short term and BUY 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

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 120.21 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.

Click here for Pennar Steel charts

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Daily charts

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