(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 2024-09-12 View latest technical analysis
10 day averaged volume of Pennar Steel is 64035
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Thu Sep 2024 | 169.30 | 169.75 | 171.40 | 167.00 | 0.414 times |
| 11 Wed Sep 2024 | 167.40 | 170.00 | 173.45 | 166.55 | 0.488 times |
| 10 Tue Sep 2024 | 169.35 | 165.50 | 172.70 | 165.50 | 0.457 times |
| 09 Mon Sep 2024 | 164.85 | 172.00 | 172.00 | 163.65 | 0.435 times |
| 06 Fri Sep 2024 | 168.80 | 171.80 | 171.80 | 165.10 | 0.951 times |
| 05 Thu Sep 2024 | 168.60 | 170.90 | 174.85 | 168.30 | 0.831 times |
| 04 Wed Sep 2024 | 170.10 | 176.00 | 177.70 | 169.30 | 1.983 times |
| 03 Tue Sep 2024 | 182.80 | 179.10 | 184.20 | 179.00 | 0.54 times |
| 02 Mon Sep 2024 | 178.80 | 175.05 | 181.00 | 174.65 | 1.325 times |
| 30 Fri Aug 2024 | 178.00 | 181.15 | 181.25 | 176.00 | 0.926 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 168.6 as stoploss in an intra day buy trade for a target of 178.37. However, stock will show a bearish move below 168.6.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 120.00 |
| Downside Target | 122.65 |
| Downside Target | 151.55 |
| Downside Target | 163.65 |
| Downside Target | 169.20 |
| Upside Target | 173.45 |
| Upside Target | 184.20 |
| Upside Target | 184.95 |
| Upside Target | 185.90 |
| Upside Target | 194.60 |
| Upside Target | 201.40 |
| Upside Target | 204.20 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 164.15 |
| Downside Intraday Target | 159 |
| Upside Intraday Target | 173.95 |
| Upside Intraday Target | 178.6 |
| Downside Intraday Target | 168.8 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Thu Sep 2024 | 169.30 | 172.00 | 173.45 | 163.65 | 0.319 times |
| 06 Fri Sep 2024 | 168.80 | 175.05 | 184.20 | 165.10 | 0.836 times |
| 30 Fri Aug 2024 | 178.00 | 193.00 | 194.60 | 176.00 | 0.85 times |
| 23 Fri Aug 2024 | 191.85 | 169.20 | 201.40 | 169.20 | 1.89 times |
| 16 Fri Aug 2024 | 168.30 | 175.85 | 184.95 | 164.30 | 0.856 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 |
| 12 Thu Sep 2024 | 169.30 | 175.05 | 184.20 | 163.65 | 0.273 times |
| 30 Fri Aug 2024 | 178.00 | 191.60 | 201.40 | 164.30 | 0.61 times |
| 31 Wed Jul 2024 | 193.90 | 173.20 | 204.20 | 164.75 | 1.028 times |
| 28 Fri Jun 2024 | 168.70 | 149.80 | 185.90 | 120.00 | 1.447 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 weakening, and bulls are picking up momentum!
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 BUY signal in short term but buying 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 172.37 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 weakening, and bulls are picking up momentum!
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 BUY signal in short term but buying 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 172.37 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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