(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 2024-11-13 View latest technical analysis
10 day averaged volume of Pennar Steel is 88233
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Wed Nov 2024 | 173.15 | 180.00 | 180.00 | 168.15 | 1.273 times |
| 12 Tue Nov 2024 | 182.70 | 192.40 | 192.45 | 181.80 | 0.671 times |
| 11 Mon Nov 2024 | 192.45 | 193.70 | 196.55 | 189.50 | 1.609 times |
| 08 Fri Nov 2024 | 193.80 | 206.30 | 206.30 | 192.25 | 1.85 times |
| 07 Thu Nov 2024 | 203.70 | 208.95 | 209.00 | 202.35 | 0.834 times |
| 06 Wed Nov 2024 | 205.80 | 197.80 | 210.00 | 197.65 | 1.069 times |
| 05 Tue Nov 2024 | 197.80 | 200.75 | 203.80 | 196.75 | 0.952 times |
| 04 Mon Nov 2024 | 198.70 | 195.45 | 204.10 | 191.05 | 0.877 times |
| 01 Fri Nov 2024 | 196.65 | 197.55 | 199.80 | 190.45 | 0.926 times |
| 31 Thu Oct 2024 | 194.75 | 187.30 | 196.90 | 186.65 | 0.616 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 172.8, for a target of 183.7 or 192.66
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 162.00 |
| Upside Target | 175.90 |
| Upside Target | 180.80 |
| Upside Target | 186.50 |
| Upside Target | 191.05 |
| Upside Target | 196.55 |
| Upside Target | 201.40 |
| Upside Target | 204.20 |
| Upside Target | 210.00 |
| Upside Target | 210.40 |
| Upside Target | 215.00 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 162.02 |
| Downside Intraday Target | 150.88 |
| Upside Intraday Target | 190.42 |
| Upside Intraday Target | 207.68 |
| Upside Intraday Target | 179.28 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Wed Nov 2024 | 173.15 | 193.70 | 196.55 | 168.15 | 0.637 times |
| 08 Fri Nov 2024 | 193.80 | 195.45 | 210.00 | 191.05 | 1.338 times |
| 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 |
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 |
| 13 Wed Nov 2024 | 173.15 | 197.55 | 210.00 | 168.15 | 0.272 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 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 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 neutral. A longer time frame might give a better analysis.
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 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 SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 193.47 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 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 neutral. A longer time frame might give a better analysis.
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 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 SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 193.47 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.
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