(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 2024-05-23 View latest technical analysis
10 day averaged volume of Pennar Steel is 60415
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 143.55 | 134.50 | 144.50 | 131.60 | 7.377 times |
| 22 Wed May 2024 | 133.70 | 133.20 | 137.45 | 132.40 | 0.457 times |
| 21 Tue May 2024 | 135.10 | 135.80 | 136.00 | 133.00 | 1.03 times |
| 18 Sat May 2024 | 136.05 | 134.15 | 137.25 | 134.15 | 0.102 times |
| 17 Fri May 2024 | 135.70 | 135.60 | 138.60 | 133.05 | 2.238 times |
| 16 Thu May 2024 | 134.70 | 126.95 | 139.00 | 126.95 | 2.593 times |
| 15 Wed May 2024 | 131.90 | 131.45 | 133.35 | 131.15 | 0.356 times |
| 14 Tue May 2024 | 131.40 | 132.05 | 132.40 | 129.35 | 0.926 times |
| 13 Mon May 2024 | 128.90 | 124.65 | 132.00 | 122.65 | 1.384 times |
| 10 Fri May 2024 | 126.45 | 125.20 | 127.05 | 123.25 | 0.68 times |
Stock of Pennar Steel (PennarSteel) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 144.6, for a target of 138.8 or 133.94
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 107.00 |
| Downside Target | 116.30 |
| Downside Target | 122.65 |
| Downside Target | 130.10 |
| Downside Target | 137.65 |
| Downside Target | 142.70 |
| Upside Target | 144.45 |
| Upside Target | 144.50 |
| Upside Target | 156.90 |
| Upside Target | 162.30 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 135.27 |
| Downside Intraday Target | 126.98 |
| Upside Intraday Target | 148.17 |
| Upside Intraday Target | 152.78 |
| Downside Intraday Target | 139.88 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 143.55 | 135.80 | 144.50 | 131.60 | 1.166 times |
| 18 Sat May 2024 | 136.05 | 124.65 | 139.00 | 122.65 | 1.501 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 |
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 |
| 23 Thu May 2024 | 143.55 | 138.70 | 144.50 | 122.65 | 0.693 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 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Pennar Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Pennar Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 137.61 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 is giving positive 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Pennar Steel stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Pennar Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 137.61 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 is giving positive 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.
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