(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 2024-12-26 View latest technical analysis
10 day averaged volume of Pennar Steel is 79334
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Thu Dec 2024 | 195.70 | 201.80 | 201.80 | 193.60 | 0.94 times |
| 24 Tue Dec 2024 | 196.80 | 189.10 | 200.60 | 187.45 | 0.889 times |
| 23 Mon Dec 2024 | 189.05 | 193.20 | 197.90 | 187.85 | 1.023 times |
| 20 Fri Dec 2024 | 191.95 | 203.00 | 204.20 | 190.85 | 0.974 times |
| 19 Thu Dec 2024 | 203.70 | 200.05 | 205.85 | 198.75 | 1.334 times |
| 18 Wed Dec 2024 | 203.95 | 208.95 | 211.15 | 202.45 | 0.711 times |
| 17 Tue Dec 2024 | 206.55 | 210.95 | 213.00 | 205.35 | 0.853 times |
| 16 Mon Dec 2024 | 212.20 | 215.90 | 216.95 | 210.35 | 1.235 times |
| 13 Fri Dec 2024 | 215.90 | 217.05 | 223.65 | 212.05 | 1.238 times |
| 12 Thu Dec 2024 | 214.30 | 217.65 | 218.50 | 212.95 | 0.8 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 199.7, but if it comes above 199.7, then a intra day buy could be more profitable.
If you take a sell trade below 199.7, then use 199.7 as stoploss and 187.6 as target. However if you take a buy trade in stock , then use 199.7 as stoploss and 209.87 as target.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 162.00 |
| Downside Target | 186.50 |
| Upside Target | 201.40 |
| Upside Target | 209.00 |
| Upside Target | 212.05 |
| Upside Target | 214.00 |
| Upside Target | 215.00 |
| Upside Target | 216.95 |
| Upside Target | 226.65 |
| Upside Target | 227.70 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 188.17 |
| Downside Intraday Target | 180.63 |
| Upside Intraday Target | 202.52 |
| Upside Intraday Target | 209.33 |
| Downside Intraday Target | 194.98 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Thu Dec 2024 | 195.70 | 193.20 | 201.80 | 187.45 | 0.559 times |
| 20 Fri Dec 2024 | 191.95 | 215.90 | 216.95 | 190.85 | 0.982 times |
| 13 Fri Dec 2024 | 215.90 | 221.00 | 226.65 | 212.05 | 0.704 times |
| 06 Fri Dec 2024 | 220.45 | 209.95 | 227.70 | 209.00 | 0.851 times |
| 29 Fri Nov 2024 | 208.60 | 203.05 | 214.00 | 193.95 | 1.764 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 |
| 26 Thu Dec 2024 | 195.70 | 209.95 | 227.70 | 187.45 | 0.808 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 |
| 30 Mon Sep 2024 | 170.45 | 175.05 | 186.50 | 162.00 | 1.261 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 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 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 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 losing 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 weakening, and bulls 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 buy signal for Pennar Steel in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 203.36 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 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 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 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 losing 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 weakening, and bulls 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 buy signal for Pennar Steel in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 203.36 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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