(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 2024-03-26 View latest technical analysis
10 day averaged volume of Pennar Steel is 156859
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Tue Mar 2024 | 126.65 | 128.20 | 128.20 | 124.55 | 1.127 times |
| 22 Fri Mar 2024 | 124.20 | 125.00 | 125.80 | 122.90 | 0.189 times |
| 21 Thu Mar 2024 | 123.25 | 126.85 | 126.85 | 122.25 | 0.614 times |
| 20 Wed Mar 2024 | 124.35 | 122.15 | 125.40 | 119.00 | 1.611 times |
| 19 Tue Mar 2024 | 120.80 | 119.90 | 127.85 | 118.20 | 0.964 times |
| 18 Mon Mar 2024 | 119.50 | 123.55 | 125.50 | 119.00 | 1.155 times |
| 15 Fri Mar 2024 | 123.30 | 128.05 | 128.05 | 119.70 | 0.523 times |
| 14 Thu Mar 2024 | 126.70 | 108.95 | 129.00 | 107.00 | 1.206 times |
| 13 Wed Mar 2024 | 109.20 | 120.00 | 120.65 | 107.95 | 1.935 times |
| 12 Tue Mar 2024 | 118.45 | 124.60 | 126.10 | 117.10 | 0.966 times |
My analysis of stock is bearish for shortterm, and stock might move down till 119.8 or till 110.5. Use a stoploss of 127.53 and if the stock hits stoploss, then it can shoot up till 135.28
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 |
| Downside Target | 123.85 |
| Upside Target | 131.20 |
| Upside Target | 132.00 |
| Upside Target | 138.65 |
| Upside Target | 139.95 |
| Upside Target | 143.40 |
| Upside Target | 156.90 |
| Upside Target | 162.30 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 124.73 |
| Downside Intraday Target | 122.82 |
| Upside Intraday Target | 128.38 |
| Upside Intraday Target | 130.12 |
| Downside Intraday Target | 126.47 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Tue Mar 2024 | 126.65 | 128.20 | 128.20 | 124.55 | 0.248 times |
| 22 Fri Mar 2024 | 124.20 | 123.55 | 127.85 | 118.20 | 0.829 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 |
Price has moved up 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 |
| 26 Tue Mar 2024 | 126.65 | 135.30 | 139.95 | 107.00 | 0.961 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 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 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 BUY signal for Pennar Steel in short term but the buy signal is initial and weak.
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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 120.48 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 rising upwards.
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 is giving positive 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 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 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 BUY signal for Pennar Steel in short term but the buy signal is initial and weak.
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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 120.48 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 rising upwards.
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 is giving positive 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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