(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 2024-03-04 View latest technical analysis
10 day averaged volume of Pennar Steel is 74014
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Mon Mar 2024 | 137.05 | 138.00 | 138.65 | 134.80 | 0.408 times |
| 02 Sat Mar 2024 | 137.35 | 137.50 | 139.95 | 135.00 | 0.044 times |
| 01 Fri Mar 2024 | 137.00 | 135.30 | 138.70 | 135.30 | 0.529 times |
| 29 Thu Feb 2024 | 134.10 | 135.05 | 135.65 | 131.20 | 1.926 times |
| 28 Wed Feb 2024 | 135.75 | 138.05 | 140.75 | 134.30 | 0.783 times |
| 27 Tue Feb 2024 | 139.45 | 141.65 | 143.40 | 138.40 | 1.235 times |
| 26 Mon Feb 2024 | 141.65 | 141.70 | 143.35 | 138.05 | 0.786 times |
| 23 Fri Feb 2024 | 141.40 | 141.45 | 143.35 | 140.50 | 1.032 times |
| 22 Thu Feb 2024 | 139.50 | 138.70 | 140.20 | 134.20 | 1.013 times |
| 21 Wed Feb 2024 | 137.55 | 145.80 | 146.90 | 136.50 | 0.922 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 136.7 as stoploss in an intra day buy trade for a target of 143.13. However, stock will show a bearish move below 136.7.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 100.95 |
| Downside Target | 113.05 |
| Downside Target | 123.85 |
| Downside Target | 130.50 |
| Upside Target | 139.95 |
| Upside Target | 143.40 |
| Upside Target | 145.75 |
| Upside Target | 154.85 |
| Upside Target | 155.00 |
| Upside Target | 156.90 |
| Upside Target | 162.30 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 135.02 |
| Downside Intraday Target | 132.98 |
| Upside Intraday Target | 138.87 |
| Upside Intraday Target | 140.68 |
| Downside Intraday Target | 136.83 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Mon Mar 2024 | 137.05 | 138.00 | 138.65 | 134.80 | 0.077 times |
| 02 Sat Mar 2024 | 137.35 | 141.70 | 143.40 | 131.20 | 1.034 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 |
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 |
| 04 Mon Mar 2024 | 137.05 | 135.30 | 139.95 | 134.80 | 0.035 times |
| 29 Thu Feb 2024 | 134.10 | 154.55 | 162.30 | 131.20 | 0.533 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 |
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 neutral. A longer time frame might give a better analysis.
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 gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.
Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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
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 137.89 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 negative.
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 neutral. A longer time frame might give a better analysis.
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 gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.
Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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
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 137.89 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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