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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 2024-11-01 View latest technical analysis

10 day averaged volume of Pennar Steel is 177394

Date Daily Closing Price Open High Low Volume
01 Fri Nov 2024 196.65 197.55 199.80 190.45 0.461 times
31 Thu Oct 2024 194.75 187.30 196.90 186.65 0.307 times
30 Wed Oct 2024 185.35 180.25 187.40 180.25 0.296 times
29 Tue Oct 2024 179.75 186.45 187.90 175.90 0.708 times
28 Mon Oct 2024 186.65 187.95 191.75 182.90 0.303 times
25 Fri Oct 2024 185.25 195.65 195.80 180.80 1.405 times
24 Thu Oct 2024 193.75 199.75 203.95 192.20 0.765 times
23 Wed Oct 2024 198.55 184.05 204.90 184.05 0.962 times
22 Tue Oct 2024 187.30 204.85 204.85 186.00 2.023 times
21 Mon Oct 2024 204.30 210.75 215.00 201.00 1.138 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 196.2, but if it comes below 196.2, then a intra day sell could be more profitable.
If you take a sell trade below 196.2, then use 196.2 as stoploss and 186.87 as target. However if you take a buy trade in stock , then use 196.2 as stoploss and 207.4 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 162.00
Downside Target 175.90
Downside Target 180.80
Downside Target 185.55
Downside Target 190.45
Upside Target 199.80
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 181.77
Downside Intraday Target 166.88
Upside Intraday Target 205.67
Upside Intraday Target 214.68
Downside Intraday Target 190.78

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
01 Fri Nov 2024 196.65 187.95 199.80 175.90 0.33 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 up 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
01 Fri Nov 2024 196.65 197.55 199.80 190.45 0.025 times
31 Thu Oct 2024 194.75 175.45 215.00 167.00 1.489 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Pennar Steel in short term and BUY 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 191.21 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Pennar Steel in short term and BUY 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 191.21 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 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

Click here for further forecast and predictions for tomorrow

Daily charts

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