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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 2024-02-27 View latest technical analysis

10 day averaged volume of Pennar Steel is 84841

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	139.45	141.65	143.40	138.40	1.078 times
26 Mon Feb 2024	141.65	141.70	143.35	138.05	0.686 times
23 Fri Feb 2024	141.40	141.45	143.35	140.50	0.901 times
22 Thu Feb 2024	139.50	138.70	140.20	134.20	0.884 times
21 Wed Feb 2024	137.55	145.80	146.90	136.50	0.804 times
20 Tue Feb 2024	144.40	150.10	155.00	143.65	1.509 times
19 Mon Feb 2024	143.00	146.55	148.40	142.30	0.376 times
16 Fri Feb 2024	143.75	146.60	149.00	142.50	0.985 times
15 Thu Feb 2024	146.45	151.05	154.85	145.80	0.682 times
14 Wed Feb 2024	150.95	146.75	152.25	145.15	1.338 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 141.3, but if it comes above 141.3, then a intra day buy could be more profitable.
If you take a sell trade below 141.3, then use 141.3 as stoploss and 133.7 as target. However if you take a buy trade in stock , then use 141.3 as stoploss and 147.57 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
Upside Target	143.40
Upside Target	145.75
Upside Target	154.85
Upside Target	155.00
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	137.2
Downside Intraday Target	134.95
Upside Intraday Target	142.55
Upside Intraday Target	145.65
Upside Intraday Target	140.3

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	139.45	141.70	143.40	138.05	0.394 times
23 Fri Feb 2024	141.40	146.55	155.00	134.20	0.801 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

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
27 Tue Feb 2024	139.45	154.55	162.30	134.20	0.482 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 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 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 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 SELL signal in short term but selling 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 143.24 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.