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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)

10 day averaged volume of Pennar Steel is 139649

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	185.75	185.05	188.85	180.40	0.696 times
16 Wed Oct 2024	184.95	184.95	186.20	182.10	0.553 times
15 Tue Oct 2024	183.90	184.00	185.00	176.95	0.473 times
14 Mon Oct 2024	181.85	176.00	187.55	176.00	0.293 times
11 Fri Oct 2024	177.45	178.00	179.30	174.70	0.129 times
10 Thu Oct 2024	179.55	177.60	179.90	175.85	0.189 times
09 Wed Oct 2024	175.40	178.20	181.25	174.20	0.806 times
08 Tue Oct 2024	178.30	168.00	179.00	167.00	0.871 times
07 Mon Oct 2024	171.00	183.30	185.55	169.25	2.007 times
03 Thu Oct 2024	187.00	180.85	189.90	177.10	2.722 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 183.3, but if it comes below 183.3, then a intra day sell could be more profitable.
If you take a sell trade below 183.3, then use 183.3 as stoploss and 177.14 as target. However if you take a buy trade in stock , then use 183.3 as stoploss and 190.8 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Target	120.00
Downside Target	162.00
Downside Target	175.85
Downside Target	185.55
Upside Target	185.90
Upside Target	186.50
Upside Target	188.85
Upside Target	189.90
Upside Target	201.40
Upside Target	204.20

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Intraday Target	178.22
Downside Intraday Target	170.68
Upside Intraday Target	191.07
Upside Intraday Target	196.38
Downside Intraday Target	183.53

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	185.75	176.00	188.85	176.00	0.503 times
11 Fri Oct 2024	177.45	183.30	185.55	167.00	0.822 times
03 Thu Oct 2024	187.00	174.00	189.90	168.75	0.58 times
27 Fri Sep 2024	170.75	172.00	186.50	170.20	2.666 times
20 Fri Sep 2024	169.70	173.55	175.85	162.00	2.266 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
17 Thu Oct 2024	185.75	175.45	189.90	167.00	0.681 times
30 Mon Sep 2024	170.45	175.05	186.50	162.00	1.261 times
30 Fri Aug 2024	178.00	191.60	201.40	164.30	0.61 times
31 Wed Jul 2024	193.90	173.20	204.20	164.75	1.028 times

Scroll below to view daily charts

Price has moved up 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 to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Pennar Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Pennar Steel in short term and the buy 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 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 180.52 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.