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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 2024-04-15 View latest technical analysis

10 day averaged volume of Pennar Steel is 66568

Date Daily Closing Price Open High Low Volume
15 Mon Apr 2024 125.10 116.30 128.65 116.30 2.537 times
12 Fri Apr 2024 131.25 131.55 133.75 130.50 1.331 times
10 Wed Apr 2024 132.95 133.30 134.60 132.35 0.918 times
09 Tue Apr 2024 133.35 135.00 137.80 132.50 1.256 times
08 Mon Apr 2024 134.70 138.05 139.20 134.30 0.511 times
05 Fri Apr 2024 137.85 137.30 139.95 135.05 0.711 times
04 Thu Apr 2024 137.10 138.85 140.35 136.25 1.194 times
03 Wed Apr 2024 138.25 132.80 139.40 132.80 0.899 times
02 Tue Apr 2024 132.70 133.80 136.75 131.70 0.347 times
01 Mon Apr 2024 133.60 134.25 137.25 132.60 1.696 times

Stock of Pennar Steel (PennarSteel) has showed a significant fall. This could be a good time to exit from this stock.

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 123.8 as stoploss in an intra day buy trade for a target of 129.43. However, stock will show a bearish move below 123.8.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 107.00
Downside Target 113.05
Downside Target 116.30
Downside Target 123.85
Upside Target 127.85
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 118.05
Downside Intraday Target 111
Upside Intraday Target 130.4
Upside Intraday Target 135.7
Downside Intraday Target 123.35

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
15 Mon Apr 2024 125.10 116.30 128.65 116.30 0.632 times
12 Fri Apr 2024 131.25 138.05 139.20 130.50 0.829 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

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
15 Mon Apr 2024 125.10 134.25 140.35 116.30 0.342 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 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 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 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 neutral. A longer time frame might give a better analysis.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 SELL signal for Pennar Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 132.37 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 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 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 neutral. A longer time frame might give a better analysis.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 SELL signal for Pennar Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 132.37 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

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Daily charts

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