(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 2024-02-05 View latest technical analysis
10 day averaged volume of Pennar Steel is 159145
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Mon Feb 2024 | 154.40 | 153.30 | 155.30 | 149.35 | 0.832 times |
| 02 Fri Feb 2024 | 152.45 | 157.00 | 157.00 | 151.60 | 0.284 times |
| 01 Thu Feb 2024 | 152.60 | 154.55 | 155.70 | 149.90 | 0.939 times |
| 31 Wed Jan 2024 | 153.35 | 147.65 | 156.90 | 146.85 | 1.845 times |
| 30 Tue Jan 2024 | 147.00 | 144.40 | 148.40 | 144.05 | 0.844 times |
| 29 Mon Jan 2024 | 144.30 | 149.00 | 150.40 | 143.65 | 0.392 times |
| 25 Thu Jan 2024 | 146.15 | 144.70 | 147.90 | 143.45 | 0.705 times |
| 24 Wed Jan 2024 | 144.30 | 141.00 | 145.00 | 139.00 | 0.834 times |
| 23 Tue Jan 2024 | 140.95 | 139.95 | 149.80 | 139.70 | 2.836 times |
| 22 Mon Jan 2024 | 139.80 | 141.90 | 142.40 | 138.95 | 0.443 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 149.3, but if it comes below 149.3, then a intra day sell could be more profitable.
If you take a sell trade below 149.3, then use 149.3 as stoploss and 141.07 as target. However if you take a buy trade in stock , then use 149.3 as stoploss and 159.3 as target.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 94.55 |
| Downside Target | 100.95 |
| Downside Target | 113.05 |
| Downside Target | 123.80 |
| Downside Target | 127.05 |
| Downside Target | 130.50 |
| Downside Target | 138.95 |
| Downside Target | 143.65 |
| Downside Target | 146.85 |
| Downside Target | 149.80 |
| Upside Target | 155.30 |
| Upside Target | 156.90 |
| Upside Target | 157.00 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 150.73 |
| Downside Intraday Target | 147.07 |
| Upside Intraday Target | 156.68 |
| Upside Intraday Target | 158.97 |
| Downside Intraday Target | 153.02 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Mon Feb 2024 | 154.40 | 153.30 | 155.30 | 149.35 | 0.193 times |
| 02 Fri Feb 2024 | 152.45 | 149.00 | 157.00 | 143.65 | 0.893 times |
| 25 Thu Jan 2024 | 146.15 | 141.90 | 149.80 | 138.95 | 0.653 times |
| 19 Fri Jan 2024 | 139.25 | 138.15 | 146.85 | 133.50 | 1.796 times |
| 12 Fri Jan 2024 | 129.95 | 134.15 | 134.25 | 127.05 | 0.795 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 |
| 05 Mon Feb 2024 | 154.40 | 154.55 | 157.00 | 149.35 | 0.084 times |
| 31 Wed Jan 2024 | 153.35 | 124.05 | 156.90 | 123.85 | 1.258 times |
| 29 Fri Dec 2023 | 124.55 | 120.60 | 130.50 | 113.05 | 0.871 times |
| 30 Thu Nov 2023 | 118.85 | 101.75 | 132.00 | 100.95 | 1.127 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 Pennar Steel (PennarSteel)
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short 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 Pennar Steel ( (PennarSteel) ) based on a short 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 Pennar Steel ( (PennarSteel) ) 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 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 BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Pennar 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.
Pennar Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Pennar Steel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 147.04 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
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 is giving positive 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 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 Pennar Steel ( (PennarSteel) ) based on a short 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 Pennar Steel ( (PennarSteel) ) 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 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 BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Pennar 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.
Pennar Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Pennar Steel in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 147.04 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
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 is giving positive 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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