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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 45824

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri Jan 2025	167.40	174.95	174.95	166.10	0.365 times
23 Thu Jan 2025	171.15	169.00	176.55	169.00	0.539 times
22 Wed Jan 2025	169.25	172.15	172.95	167.20	0.605 times
21 Tue Jan 2025	173.05	176.00	180.85	171.85	0.997 times
20 Mon Jan 2025	177.45	180.10	180.10	176.55	0.698 times
17 Fri Jan 2025	179.05	182.55	183.95	178.00	0.155 times
16 Thu Jan 2025	180.30	179.65	182.60	178.90	0.622 times
15 Wed Jan 2025	177.45	179.95	179.95	173.35	1.339 times
14 Tue Jan 2025	176.95	170.60	179.10	170.60	1.092 times
13 Mon Jan 2025	171.65	176.15	178.55	170.55	2.759 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 172.7, but if it comes above 172.7, then a intra day buy could be more profitable.
If you take a sell trade below 172.7, then use 172.7 as stoploss and 159.7 as target. However if you take a buy trade in stock , then use 172.7 as stoploss and 183.54 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Target	162.00
Downside Target	166.10
Upside Target	175.45
Upside Target	180.85
Upside Target	190.30
Upside Target	197.00
Upside Target	203.30
Upside Target	204.20
Upside Target	214.00
Upside Target	215.00
Upside Target	227.70

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Intraday Target	162.05
Downside Intraday Target	156.7
Upside Intraday Target	176.8
Upside Intraday Target	186.2
Upside Intraday Target	171.45

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri Jan 2025	167.40	180.10	180.85	166.10	0.537 times
17 Fri Jan 2025	179.05	176.15	183.95	170.55	0.835 times
10 Fri Jan 2025	176.50	195.30	197.00	175.45	1.147 times
03 Fri Jan 2025	196.65	198.80	204.20	190.30	0.944 times
27 Fri Dec 2024	198.70	193.20	203.30	187.45	0.746 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
24 Fri Jan 2025	167.40	196.65	204.20	166.10	0.505 times
31 Tue Dec 2024	193.55	209.95	227.70	187.45	0.903 times
29 Fri Nov 2024	208.60	197.55	214.00	168.15	0.617 times
31 Thu Oct 2024	194.75	175.45	215.00	167.00	1.489 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 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 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 BUY signal in short term but buying 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 174.08 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.