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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 2024-04-08 View latest technical analysis

10 day averaged volume of Pennar Steel is 84007

Date Daily Closing Price Open High Low Volume
08 Mon Apr 2024 134.70 138.05 139.20 134.30 0.405 times
05 Fri Apr 2024 137.85 137.30 139.95 135.05 0.563 times
04 Thu Apr 2024 137.10 138.85 140.35 136.25 0.946 times
03 Wed Apr 2024 138.25 132.80 139.40 132.80 0.712 times
02 Tue Apr 2024 132.70 133.80 136.75 131.70 0.275 times
01 Mon Apr 2024 133.60 134.25 137.25 132.60 1.344 times
28 Thu Mar 2024 133.15 130.45 135.40 130.45 0.901 times
27 Wed Mar 2024 129.85 127.95 134.55 126.85 1.656 times
26 Tue Mar 2024 126.65 128.20 128.20 124.55 2.104 times
22 Fri Mar 2024 124.20 125.00 125.80 122.90 0.353 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 134.6, but if it comes below 134.6, then a intra day sell could be more profitable.
If you take a sell trade below 134.6, then use 134.6 as stoploss and 127.26 as target. However if you take a buy trade in stock , then use 134.6 as stoploss and 143.5 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 107.00
Downside Target 113.05
Downside Target 118.20
Downside Target 123.85
Downside Target 127.85
Downside Target 130.50
Upside Target 135.40
Upside Target 139.20
Upside Target 139.95
Upside Target 140.35
Upside Target 156.90
Upside Target 162.30

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 132.93
Downside Intraday Target 131.17
Upside Intraday Target 137.83
Upside Intraday Target 140.97
Upside Intraday Target 136.07

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
08 Mon Apr 2024 134.70 138.05 139.20 134.30 0.105 times
05 Fri Apr 2024 137.85 134.25 140.35 131.70 0.824 times
28 Thu Mar 2024 133.15 128.20 135.40 124.55 0.55 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

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
08 Mon Apr 2024 134.70 134.25 140.35 131.70 0.161 times
28 Thu Mar 2024 133.15 135.30 139.95 107.00 1.064 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

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 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 Weak and stock is losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Pennar Steel in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 131.94 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 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 Weak and stock is losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Pennar Steel in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 131.94 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.

Click here for Pennar Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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