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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 2024-10-29 View latest technical analysis

10 day averaged volume of Pennar Steel is 178181

Date Daily Closing Price Open High Low Volume
29 Tue Oct 2024 179.75 186.45 187.90 175.90 0.705 times
28 Mon Oct 2024 186.65 187.95 191.75 182.90 0.302 times
25 Fri Oct 2024 185.25 195.65 195.80 180.80 1.399 times
24 Thu Oct 2024 193.75 199.75 203.95 192.20 0.762 times
23 Wed Oct 2024 198.55 184.05 204.90 184.05 0.958 times
22 Tue Oct 2024 187.30 204.85 204.85 186.00 2.014 times
21 Mon Oct 2024 204.30 210.75 215.00 201.00 1.133 times
18 Fri Oct 2024 206.95 184.20 210.40 182.00 2.083 times
17 Thu Oct 2024 185.75 185.05 188.85 180.40 0.546 times
16 Wed Oct 2024 184.95 184.95 186.20 182.10 0.433 times

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 175.5 as stoploss in an intra day buy trade for a target of 185.02. However, stock will show a bearish move below 175.5.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 120.00
Downside Target 162.00
Downside Target 175.90
Upside Target 180.80
Upside Target 185.55
Upside Target 189.90
Upside Target 191.75
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 173.18
Downside Intraday Target 166.62
Upside Intraday Target 189.03
Upside Intraday Target 198.32
Upside Intraday Target 182.47

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
29 Tue Oct 2024 179.75 187.95 191.75 175.90 0.161 times
25 Fri Oct 2024 185.25 210.75 215.00 180.80 1.711 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

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
29 Tue Oct 2024 179.75 175.45 215.00 167.00 1.441 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 193.65 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 193.65 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 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

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Daily charts

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