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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 2024-10-22 View latest technical analysis

10 day averaged volume of Pennar Steel is 113303

Date Daily Closing Price Open High Low Volume
22 Tue Oct 2024 187.30 204.85 204.85 186.00 3.167 times
21 Mon Oct 2024 204.30 210.75 215.00 201.00 1.782 times
18 Fri Oct 2024 206.95 184.20 210.40 182.00 3.276 times
17 Thu Oct 2024 185.75 185.05 188.85 180.40 0.858 times
16 Wed Oct 2024 184.95 184.95 186.20 182.10 0.681 times
15 Tue Oct 2024 183.90 184.00 185.00 176.95 0.583 times
14 Mon Oct 2024 181.85 176.00 187.55 176.00 0.361 times
11 Fri Oct 2024 177.45 178.00 179.30 174.70 0.159 times
10 Thu Oct 2024 179.55 177.60 179.90 175.85 0.233 times
09 Wed Oct 2024 175.40 178.20 181.25 174.20 0.994 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 bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 191.4 as stoploss in an intra day sell trade for a target of 181.79. However, stock will show a bullish move above 191.4.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 120.00
Downside Target 162.00
Downside Target 176.00
Downside Target 185.55
Downside Target 186.50
Upside Target 189.90
Upside Target 201.40
Upside Target 204.20
Upside Target 210.40
Upside Target 215.00

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 177.2
Downside Intraday Target 167.1
Upside Intraday Target 206.2
Upside Intraday Target 225.1
Upside Intraday Target 196.1

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
22 Tue Oct 2024 187.30 210.75 215.00 186.00 0.859 times
18 Fri Oct 2024 206.95 176.00 210.40 176.00 1.167 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

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
22 Tue Oct 2024 187.30 175.45 215.00 167.00 1.105 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 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 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.

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

MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.

Pennar Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying 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 193.3 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 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.

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 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.

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

MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.

Pennar Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying 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 193.3 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 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.

Click here for Pennar Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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