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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)

10 day averaged volume of Pennar Steel is 100983

Date Daily Closing Price Open High Low Volume
26 Tue Oct 2021 28.35 28.25 28.50 28.10 0.314 times
25 Mon Oct 2021 28.05 29.15 29.35 27.90 0.698 times
22 Fri Oct 2021 28.50 28.75 29.35 28.25 0.847 times
21 Thu Oct 2021 28.75 29.15 29.20 28.40 0.57 times
20 Wed Oct 2021 28.85 29.40 29.45 28.20 1.279 times
19 Tue Oct 2021 29.95 31.50 31.85 29.00 1.056 times
18 Mon Oct 2021 31.30 30.15 32.05 29.95 1.826 times
14 Thu Oct 2021 29.80 29.95 30.65 29.65 0.985 times
13 Wed Oct 2021 29.90 30.35 30.95 29.80 1.222 times
12 Tue Oct 2021 30.20 30.85 31.00 30.10 0.836 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 28.6, but if it comes above 28.6, then a intra day buy could be more profitable.
If you take a sell trade below 28.6, then use 28.6 as stoploss and 27.5 as target. However if you take a buy trade in stock , then use 28.6 as stoploss and 29.47 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 23.50
Downside Target 26.65
Downside Target 27.55
Upside Target 29.35
Upside Target 29.85
Upside Target 31.00
Upside Target 31.75
Upside Target 32.05
Upside Target 32.40
Upside Target 42.70
Upside Target 42.90

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 27.72
Downside Intraday Target 27.08
Upside Intraday Target 29.17
Upside Intraday Target 29.98
Upside Intraday Target 28.53

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
26 Tue Oct 2021 28.35 29.15 29.35 27.90 0.181 times
22 Fri Oct 2021 28.50 30.15 32.05 28.20 1.498 times
14 Thu Oct 2021 29.80 30.00 31.00 29.65 0.649 times
08 Fri Oct 2021 29.80 29.05 31.75 28.65 1.611 times
01 Fri Oct 2021 28.75 28.35 29.85 27.60 0.849 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
26 Tue Oct 2021 28.35 29.70 32.05 27.90 0.934 times
30 Thu Sep 2021 29.00 30.75 32.40 27.60 0.382 times
31 Tue Aug 2021 30.90 41.05 42.70 27.55 0.333 times
30 Fri Jul 2021 40.90 26.85 42.90 26.65 1.586 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)

Indicator Name Indicator Value Indicator Signal
ADX 14, 18, 12 Sell
MACD -1, -1Sell
Stochastics 7Sell
CCI -89Sell
RSI 66Buy
OBV -667314Sell
VWAP 30Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

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 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 Weak 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 getting stronger in this stock.

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

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 negative zone. This is the SELL zone

Stock of Pennar Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 29.67 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.

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Daily charts

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Daily chart

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