(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 2024-03-21 View latest technical analysis
10 day averaged volume of Pennar Steel is 156047
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Thu Mar 2024 | 123.25 | 126.85 | 126.85 | 122.25 | 0.617 times |
| 20 Wed Mar 2024 | 124.35 | 122.15 | 125.40 | 119.00 | 1.62 times |
| 19 Tue Mar 2024 | 120.80 | 119.90 | 127.85 | 118.20 | 0.969 times |
| 18 Mon Mar 2024 | 119.50 | 123.55 | 125.50 | 119.00 | 1.161 times |
| 15 Fri Mar 2024 | 123.30 | 128.05 | 128.05 | 119.70 | 0.526 times |
| 14 Thu Mar 2024 | 126.70 | 108.95 | 129.00 | 107.00 | 1.213 times |
| 13 Wed Mar 2024 | 109.20 | 120.00 | 120.65 | 107.95 | 1.945 times |
| 12 Tue Mar 2024 | 118.45 | 124.60 | 126.10 | 117.10 | 0.971 times |
| 11 Mon Mar 2024 | 121.85 | 129.70 | 131.00 | 121.05 | 0.839 times |
| 07 Thu Mar 2024 | 129.70 | 127.05 | 132.10 | 127.05 | 0.413 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 120.4 as stoploss in an intra day buy trade for a target of 129.14. However, stock will show a bearish move below 120.4.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 100.95 |
| Downside Target | 107.00 |
| Downside Target | 113.05 |
| Downside Target | 118.20 |
| Upside Target | 123.85 |
| Upside Target | 130.50 |
| Upside Target | 134.20 |
| Upside Target | 138.65 |
| Upside Target | 139.95 |
| Upside Target | 143.40 |
| 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 | 118.35 |
| Downside Intraday Target | 113.45 |
| Upside Intraday Target | 128 |
| Upside Intraday Target | 132.75 |
| Downside Intraday Target | 123.1 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Thu Mar 2024 | 123.25 | 123.55 | 127.85 | 118.20 | 0.795 times |
| 15 Fri Mar 2024 | 123.30 | 129.70 | 131.00 | 107.00 | 3.965 times |
| 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 |
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 |
| 21 Thu Mar 2024 | 123.25 | 135.30 | 139.95 | 107.00 | 0.862 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Pennar Steel in short term and BUY 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 120.21 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Pennar Steel in short term and BUY 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 120.21 and Pennar Steel (PennarSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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