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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 99014

Date Daily Closing Price Open High Low Volume
24 Fri Sep 2021 28.35 29.80 29.80 28.05 0.695 times
23 Thu Sep 2021 28.75 29.45 29.90 28.40 0.626 times
22 Wed Sep 2021 29.00 28.45 29.35 28.35 0.782 times
21 Tue Sep 2021 28.25 29.05 29.10 27.90 0.811 times
20 Mon Sep 2021 29.00 30.20 30.20 28.75 1.363 times
17 Fri Sep 2021 30.00 31.25 31.60 29.50 1.5 times
16 Thu Sep 2021 31.00 32.15 32.15 30.90 0.989 times
15 Wed Sep 2021 31.75 31.10 32.40 30.80 0.846 times
14 Tue Sep 2021 30.35 30.00 31.45 29.75 1.776 times
13 Mon Sep 2021 29.80 29.95 30.25 29.65 0.512 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 29, but if it comes above 29, then a intra day buy could be more profitable.
If you take a sell trade below 29, then use 29 as stoploss and 27.8 as target. However if you take a buy trade in stock , then use 29 as stoploss and 30.05 as target.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 17.75
Downside Target 23.50
Downside Target 25.95
Downside Target 26.65
Downside Target 27.55
Upside Target 29.45
Upside Target 30.20
Upside Target 31.25
Upside Target 31.40
Upside Target 32.40
Upside Target 33.00
Upside Target 42.70
Upside Target 42.90

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 27.43
Downside Intraday Target 26.52
Upside Intraday Target 29.73
Upside Intraday Target 31.12
Upside Intraday Target 28.82

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
24 Fri Sep 2021 28.35 30.20 30.20 27.90 0.761 times
17 Fri Sep 2021 30.00 29.95 32.40 29.50 1.909 times
09 Thu Sep 2021 30.05 31.40 31.40 29.45 0.641 times
03 Fri Sep 2021 30.40 31.05 33.00 29.50 0.641 times
27 Fri Aug 2021 30.95 30.00 31.25 27.55 0.955 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
24 Fri Sep 2021 28.35 30.75 32.40 27.90 0.322 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
30 Wed Jun 2021 26.65 25.80 29.50 23.50 1.288 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 18, 25, 17 Sell
MACD -2, -1Sell
Stochastics 18Sell
CCI -77Sell
RSI 56Buy
OBV -175757Sell
VWAP 30Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

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 Weak and stock is gaining 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 in or above the red 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 BUY signal in short term and the buying is gaining 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 29.75 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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