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(PanchSteel) Panch Steel complete technical analysis [charts+indicators] | Buy/Sell Panch Steel | (PanchSteel) share price targets

Complete technical analysis of Panch Steel (PanchSteel) by charts plus indicators, forecast predictions and share price targets for Panch Steel (PanchSteel)

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Panch Steel is 5754

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	151.25	153.80	153.80	150.00	0.1 times
01 Fri Mar 2024	147.60	148.00	149.95	147.05	0.095 times
29 Thu Feb 2024	149.00	147.50	152.50	147.25	0.054 times
28 Wed Feb 2024	150.35	144.15	166.00	144.15	2.062 times
27 Tue Feb 2024	146.10	148.00	148.00	146.00	0.05 times
26 Mon Feb 2024	149.85	150.00	150.00	147.15	0.018 times
23 Fri Feb 2024	150.50	150.00	153.75	148.30	1.27 times
22 Thu Feb 2024	150.30	151.95	154.00	145.00	2.252 times
21 Wed Feb 2024	145.85	157.80	157.80	144.45	1.415 times
20 Tue Feb 2024	150.00	154.45	154.45	148.25	0.579 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 150.3, but if it comes below 150.3, then a intra day sell could be more profitable.
If you take a sell trade below 150.3, then use 150.3 as stoploss and 147.38 as target. However if you take a buy trade in stock , then use 150.3 as stoploss and 153.7 as target.

Share price targets for Panch Steel (PanchSteel)

Target Type	Value
Downside Target	118.65
Downside Target	138.45
Downside Target	147.05
Upside Target	153.80
Upside Target	154.00
Upside Target	157.80
Upside Target	160.00
Upside Target	164.90
Upside Target	166.00
Upside Target	169.90

Intraday share price targets for Panch Steel (PanchSteel)

Target Type	Value
Downside Intraday Target	141.6
Downside Intraday Target	131.95
Upside Intraday Target	163.45
Upside Intraday Target	175.65
Upside Intraday Target	153.8

Weekly technical analysis of Panch Steel (PanchSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	151.25	150.00	166.00	144.15	0.308 times
23 Fri Feb 2024	150.50	149.00	157.80	143.20	6.945 times
16 Fri Feb 2024	143.15	142.10	151.90	140.00	0.324 times
09 Fri Feb 2024	147.20	146.75	149.90	140.00	0.845 times
02 Fri Feb 2024	145.25	147.50	154.00	142.60	1.588 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 Panch Steel (PanchSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	151.25	148.00	153.80	147.05	0.012 times
29 Thu Feb 2024	149.00	145.25	166.00	140.00	0.765 times
31 Wed Jan 2024	149.00	151.95	164.90	142.20	0.972 times
29 Fri Dec 2023	149.05	154.00	169.90	138.45	0.727 times

Scroll below to view daily charts

Price has moved up 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 Panch Steel (PanchSteel)

Price action analysis of Panch Steel ( (PanchSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Panch Steel ( (PanchSteel) ) 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 Panch Steel ( (PanchSteel) ) based on a short to mid 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.

Price action analysis of Panch Steel ( (PanchSteel) ) 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 Panch Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Panch Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Panch 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 moving up

CCI has generated a buy signal for Panch Steel in short term and BUY signal is strong.

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

Stock of Panch 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 149.47 and Panch Steel (PanchSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Panch Steel (PanchSteel) stock. Volume based technical analysis of Panch Steel (PanchSteel) stock is negative.

Panch 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.