(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 2024-04-12 View latest technical analysis
10 day averaged volume of Pennar Steel is 71616
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Fri Apr 2024 | 131.25 | 131.55 | 133.75 | 130.50 | 1.238 times |
| 10 Wed Apr 2024 | 132.95 | 133.30 | 134.60 | 132.35 | 0.853 times |
| 09 Tue Apr 2024 | 133.35 | 135.00 | 137.80 | 132.50 | 1.168 times |
| 08 Mon Apr 2024 | 134.70 | 138.05 | 139.20 | 134.30 | 0.475 times |
| 05 Fri Apr 2024 | 137.85 | 137.30 | 139.95 | 135.05 | 0.661 times |
| 04 Thu Apr 2024 | 137.10 | 138.85 | 140.35 | 136.25 | 1.11 times |
| 03 Wed Apr 2024 | 138.25 | 132.80 | 139.40 | 132.80 | 0.835 times |
| 02 Tue Apr 2024 | 132.70 | 133.80 | 136.75 | 131.70 | 0.323 times |
| 01 Mon Apr 2024 | 133.60 | 134.25 | 137.25 | 132.60 | 1.577 times |
| 28 Thu Mar 2024 | 133.15 | 130.45 | 135.40 | 130.45 | 1.057 times |
My analysis of stock is bullish for shortterm, and stock might move up till 135.8 or till 144.4. Use a stoploss of 128.64 and if this stock hits its stoploss, then it can fall down till 121.49
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 107.00 |
| Downside Target | 113.05 |
| Downside Target | 118.20 |
| Downside Target | 123.85 |
| Downside Target | 127.85 |
| Downside Target | 130.50 |
| Upside Target | 135.40 |
| Upside Target | 139.20 |
| Upside Target | 139.95 |
| Upside Target | 140.35 |
| Upside Target | 156.90 |
| Upside Target | 162.30 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 128.1 |
| Downside Intraday Target | 124.95 |
| Upside Intraday Target | 136.8 |
| Upside Intraday Target | 142.35 |
| Upside Intraday Target | 133.65 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Fri Apr 2024 | 131.25 | 138.05 | 139.20 | 130.50 | 0.829 times |
| 05 Fri Apr 2024 | 137.85 | 134.25 | 140.35 | 131.70 | 0.824 times |
| 28 Thu Mar 2024 | 133.15 | 128.20 | 135.40 | 124.55 | 0.55 times |
| 22 Fri Mar 2024 | 124.20 | 123.55 | 127.85 | 118.20 | 0.829 times |
| 15 Fri Mar 2024 | 123.30 | 129.70 | 131.00 | 107.00 | 3.965 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 |
| 12 Fri Apr 2024 | 131.25 | 134.25 | 140.35 | 130.50 | 0.266 times |
| 28 Thu Mar 2024 | 133.15 | 135.30 | 139.95 | 107.00 | 1.064 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 |
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid 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 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 BUY signal for Pennar Steel in short term and the buy signal is strong.
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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above 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 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 134.31 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid 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 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 BUY signal for Pennar Steel in short term and the buy signal is strong.
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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above 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 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 134.31 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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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