(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 2024-05-16 View latest technical analysis
10 day averaged volume of Pennar Steel is 53789
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 134.70 | 126.95 | 139.00 | 126.95 | 2.912 times |
| 15 Wed May 2024 | 131.90 | 131.45 | 133.35 | 131.15 | 0.4 times |
| 14 Tue May 2024 | 131.40 | 132.05 | 132.40 | 129.35 | 1.04 times |
| 13 Mon May 2024 | 128.90 | 124.65 | 132.00 | 122.65 | 1.554 times |
| 10 Fri May 2024 | 126.45 | 125.20 | 127.05 | 123.25 | 0.764 times |
| 09 Thu May 2024 | 124.40 | 129.95 | 130.00 | 123.10 | 0.263 times |
| 08 Wed May 2024 | 129.15 | 125.15 | 131.55 | 125.15 | 0.821 times |
| 07 Tue May 2024 | 127.55 | 132.75 | 133.10 | 126.20 | 3.135 times |
| 06 Mon May 2024 | 132.55 | 137.65 | 137.65 | 130.50 | 0.703 times |
| 03 Fri May 2024 | 134.60 | 136.85 | 137.80 | 132.75 | 1.01 times |
Stock of Pennar Steel (PennarSteel) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bullish for shortterm, and stock might move up till 138.9 or till 145.4. Use a stoploss of 133.42 and if this stock hits its stoploss, then it can fall down till 127.96
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 107.00 |
| Downside Target | 116.30 |
| Downside Target | 122.65 |
| Downside Target | 129.90 |
| Upside Target | 137.65 |
| Upside Target | 139.75 |
| Upside Target | 139.95 |
| Upside Target | 142.70 |
| Upside Target | 144.45 |
| Upside Target | 156.90 |
| Upside Target | 162.30 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 125.23 |
| Downside Intraday Target | 115.77 |
| Upside Intraday Target | 141.58 |
| Upside Intraday Target | 148.47 |
| Downside Intraday Target | 132.12 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 134.70 | 124.65 | 139.00 | 122.65 | 1.039 times |
| 10 Fri May 2024 | 126.45 | 137.65 | 137.65 | 123.10 | 2.061 times |
| 03 Fri May 2024 | 134.60 | 141.25 | 142.70 | 132.75 | 0.179 times |
| 26 Fri Apr 2024 | 138.85 | 132.60 | 144.45 | 130.10 | 1.713 times |
| 19 Fri Apr 2024 | 129.05 | 116.30 | 129.90 | 116.30 | 1.807 times |
Price has moved up 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 |
| 16 Thu May 2024 | 134.70 | 138.70 | 139.75 | 122.65 | 0.351 times |
| 30 Tue Apr 2024 | 136.90 | 134.25 | 144.45 | 116.30 | 0.892 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 |
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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Pennar Steel in short term but the buy signal is initial and weak.
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 green color and prices are above the green cloud Prices appear to be moving up
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 130.64 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 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 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.
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 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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Pennar Steel in short term but the buy signal is initial and weak.
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 green color and prices are above the green cloud Prices appear to be moving up
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 130.64 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 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 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.
Click here for Pennar Steel charts
Click here for further forecast and predictions for tomorrow