(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 2024-03-07 View latest technical analysis
10 day averaged volume of Pennar Steel is 62076
Date | Daily Closing Price | Open | High | Low | Volume |
07 Thu Mar 2024 | 129.70 | 127.05 | 132.10 | 127.05 | 1.038 times |
06 Wed Mar 2024 | 127.50 | 134.10 | 134.60 | 126.15 | 0.86 times |
05 Tue Mar 2024 | 134.35 | 137.50 | 137.50 | 134.00 | 1.099 times |
04 Mon Mar 2024 | 137.05 | 138.00 | 138.65 | 134.80 | 0.487 times |
02 Sat Mar 2024 | 137.35 | 137.50 | 139.95 | 135.00 | 0.053 times |
01 Fri Mar 2024 | 137.00 | 135.30 | 138.70 | 135.30 | 0.631 times |
29 Thu Feb 2024 | 134.10 | 135.05 | 135.65 | 131.20 | 2.296 times |
28 Wed Feb 2024 | 135.75 | 138.05 | 140.75 | 134.30 | 0.934 times |
27 Tue Feb 2024 | 139.45 | 141.65 | 143.40 | 138.40 | 1.473 times |
26 Mon Feb 2024 | 141.65 | 141.70 | 143.35 | 138.05 | 0.937 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 133.8, but if it comes above 133.8, then a intra day buy could be more profitable.
If you take a sell trade below 133.8, then use 133.8 as stoploss and 126.9 as target. However if you take a buy trade in stock , then use 133.8 as stoploss and 139.64 as target.
Share price targets for Pennar Steel (PennarSteel)
Target Type | Value |
Downside Target | 100.95 |
Downside Target | 113.05 |
Downside Target | 123.85 |
Upside 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 | 124.35 |
Downside Intraday Target | 119 |
Upside Intraday Target | 136.85 |
Upside Intraday Target | 144 |
Upside Intraday Target | 131.5 |
Weekly technical analysis of Pennar Steel (PennarSteel)
Date | Weekly Closing Price | Open | High | Low | Volume |
07 Thu Mar 2024 | 129.70 | 138.00 | 138.65 | 126.15 | 0.551 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 |
07 Thu Mar 2024 | 129.70 | 135.30 | 139.95 | 126.15 | 0.124 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 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 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 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 Strong 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 135.12 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 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 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 Strong 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 135.12 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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