(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 2024-02-16 View latest technical analysis
10 day averaged volume of Pennar Steel is 112197
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Fri Feb 2024 | 143.75 | 146.60 | 149.00 | 142.50 | 0.745 times |
| 15 Thu Feb 2024 | 146.45 | 151.05 | 154.85 | 145.80 | 0.516 times |
| 14 Wed Feb 2024 | 150.95 | 146.75 | 152.25 | 145.15 | 1.012 times |
| 13 Tue Feb 2024 | 148.90 | 143.25 | 149.50 | 136.85 | 1.388 times |
| 12 Mon Feb 2024 | 143.05 | 149.85 | 151.55 | 140.95 | 0.564 times |
| 09 Fri Feb 2024 | 146.90 | 159.15 | 159.15 | 145.75 | 1.154 times |
| 08 Thu Feb 2024 | 158.35 | 158.35 | 160.35 | 155.45 | 0.932 times |
| 07 Wed Feb 2024 | 156.00 | 156.10 | 159.60 | 154.20 | 1.286 times |
| 06 Tue Feb 2024 | 157.35 | 154.50 | 162.30 | 151.50 | 1.565 times |
| 05 Mon Feb 2024 | 154.40 | 153.30 | 155.30 | 149.35 | 1.18 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 142.6 as stoploss in an intra day buy trade for a target of 148.31. However, stock will show a bearish move below 142.6.
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 | 135.45 |
| Downside Intraday Target | 127.15 |
| Upside Intraday Target | 153.45 |
| Upside Intraday Target | 163.15 |
| Upside Intraday Target | 145.15 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Fri Feb 2024 | 143.75 | 149.85 | 154.85 | 136.85 | 0.691 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 |
| 16 Fri Feb 2024 | 143.75 | 154.55 | 162.30 | 136.85 | 0.347 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak and stock is losing 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 getting stronger in this stock.
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 and the buying is gaining 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 151.71 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak and stock is losing 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 getting stronger in this stock.
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 and the buying is gaining 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 151.71 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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