Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-01-16 View latest technical analysis

10 day averaged volume of Pennar Steel is 64557

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	180.30	179.65	182.60	178.90	0.442 times
15 Wed Jan 2025	177.45	179.95	179.95	173.35	0.951 times
14 Tue Jan 2025	176.95	170.60	179.10	170.60	0.775 times
13 Mon Jan 2025	171.65	176.15	178.55	170.55	1.959 times
10 Fri Jan 2025	176.50	187.05	187.35	175.45	0.847 times
09 Thu Jan 2025	187.75	190.95	190.95	186.60	0.899 times
08 Wed Jan 2025	190.15	190.95	194.95	188.35	1.334 times
07 Tue Jan 2025	190.95	191.85	193.95	189.75	1.193 times
06 Mon Jan 2025	192.90	195.30	197.00	188.00	0.8 times
03 Fri Jan 2025	196.65	199.85	200.40	196.00	0.824 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 181.3, but if it comes above 181.3, then a intra day buy could be more profitable.
If you take a sell trade below 181.3, then use 181.3 as stoploss and 170.4 as target. However if you take a buy trade in stock , then use 181.3 as stoploss and 190.47 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Target	162.00
Downside Target	167.00
Downside Target	175.45
Upside Target	182.60
Upside Target	186.50
Upside Target	197.00
Upside Target	203.30
Upside Target	204.20
Upside Target	214.00
Upside Target	215.00
Upside Target	216.95
Upside Target	227.70

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Intraday Target	173.03
Downside Intraday Target	165.77
Upside Intraday Target	185.08
Upside Intraday Target	189.87
Downside Intraday Target	177.82

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	180.30	176.15	182.60	170.55	0.813 times
10 Fri Jan 2025	176.50	195.30	197.00	175.45	1.147 times
03 Fri Jan 2025	196.65	198.80	204.20	190.30	0.944 times
27 Fri Dec 2024	198.70	193.20	203.30	187.45	0.746 times
20 Fri Dec 2024	191.95	215.90	216.95	190.85	0.982 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
16 Thu Jan 2025	180.30	196.65	204.20	170.55	0.421 times
31 Tue Dec 2024	193.55	209.95	227.70	187.45	0.903 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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

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 red color and prices are below the red cloud Prices appear to be moving up

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 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 183.36 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.