(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 2024-02-15 View latest technical analysis
10 day averaged volume of Pennar Steel is 121353
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Thu Feb 2024 | 146.45 | 151.05 | 154.85 | 145.80 | 0.477 times |
| 14 Wed Feb 2024 | 150.95 | 146.75 | 152.25 | 145.15 | 0.936 times |
| 13 Tue Feb 2024 | 148.90 | 143.25 | 149.50 | 136.85 | 1.283 times |
| 12 Mon Feb 2024 | 143.05 | 149.85 | 151.55 | 140.95 | 0.521 times |
| 09 Fri Feb 2024 | 146.90 | 159.15 | 159.15 | 145.75 | 1.067 times |
| 08 Thu Feb 2024 | 158.35 | 158.35 | 160.35 | 155.45 | 0.862 times |
| 07 Wed Feb 2024 | 156.00 | 156.10 | 159.60 | 154.20 | 1.189 times |
| 06 Tue Feb 2024 | 157.35 | 154.50 | 162.30 | 151.50 | 1.447 times |
| 05 Mon Feb 2024 | 154.40 | 153.30 | 155.30 | 149.35 | 1.091 times |
| 02 Fri Feb 2024 | 152.45 | 157.00 | 157.00 | 151.60 | 0.373 times |
My analysis of stock is bearish for shortterm, and stock might move down till 141.9 or till 134.6. Use a stoploss of 148 and if the stock hits stoploss, then it can shoot up till 154.09
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 | 130.50 |
| Downside Target | 136.85 |
| Downside Target | 143.65 |
| Upside Target | 149.80 |
| Upside Target | 154.85 |
| Upside Target | 156.90 |
| Upside Target | 157.00 |
| Upside Target | 162.30 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 137.25 |
| Downside Intraday Target | 128.05 |
| Upside Intraday Target | 155.25 |
| Upside Intraday Target | 164.05 |
| Downside Intraday Target | 146.05 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Thu Feb 2024 | 146.45 | 149.85 | 154.85 | 136.85 | 0.569 times |
| 09 Fri Feb 2024 | 146.90 | 153.30 | 162.30 | 145.75 | 1.002 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 |
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 |
| 15 Thu Feb 2024 | 146.45 | 154.55 | 162.30 | 136.85 | 0.325 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 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 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 Weak and stock is gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.
Pennar Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 152.33 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 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 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 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 Weak and stock is gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.
Pennar Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 152.33 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 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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