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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)

Showing technical analysis as on 2024-02-19 View latest technical analysis

10 day averaged volume of Pennar Steel is 116031

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	143.00	146.55	148.40	142.30	0.275 times
16 Fri Feb 2024	143.75	146.60	149.00	142.50	0.72 times
15 Thu Feb 2024	146.45	151.05	154.85	145.80	0.499 times
14 Wed Feb 2024	150.95	146.75	152.25	145.15	0.979 times
13 Tue Feb 2024	148.90	143.25	149.50	136.85	1.342 times
12 Mon Feb 2024	143.05	149.85	151.55	140.95	0.545 times
09 Fri Feb 2024	146.90	159.15	159.15	145.75	1.116 times
08 Thu Feb 2024	158.35	158.35	160.35	155.45	0.901 times
07 Wed Feb 2024	156.00	156.10	159.60	154.20	1.243 times
06 Tue Feb 2024	157.35	154.50	162.30	151.50	1.513 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 143.1, but if it comes above 143.1, then a intra day buy could be more profitable.
If you take a sell trade below 143.1, then use 143.1 as stoploss and 136.5 as target. However if you take a buy trade in stock , then use 143.1 as stoploss and 148.5 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	130.50
Downside Target	136.85
Downside Target	142.30
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	140.73
Downside Intraday Target	138.47
Upside Intraday Target	146.83
Upside Intraday Target	150.67
Upside Intraday Target	144.57

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	143.00	146.55	148.40	142.30	0.067 times
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

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
19 Mon Feb 2024	143.00	154.55	162.30	136.85	0.355 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 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 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 gaining momentum.

MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

Pennar 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 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 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 151.11 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.