(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 2024-09-18 View latest technical analysis
10 day averaged volume of Pennar Steel is 57968
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Wed Sep 2024 | 169.40 | 170.50 | 172.65 | 167.25 | 1.168 times |
| 17 Tue Sep 2024 | 169.65 | 174.15 | 175.20 | 169.00 | 0.971 times |
| 16 Mon Sep 2024 | 174.10 | 173.55 | 175.85 | 171.95 | 1.521 times |
| 13 Fri Sep 2024 | 172.40 | 169.05 | 173.20 | 169.05 | 1.368 times |
| 12 Thu Sep 2024 | 169.30 | 169.75 | 171.40 | 167.00 | 0.457 times |
| 11 Wed Sep 2024 | 167.40 | 170.00 | 173.45 | 166.55 | 0.539 times |
| 10 Tue Sep 2024 | 169.35 | 165.50 | 172.70 | 165.50 | 0.505 times |
| 09 Mon Sep 2024 | 164.85 | 172.00 | 172.00 | 163.65 | 0.481 times |
| 06 Fri Sep 2024 | 168.80 | 171.80 | 171.80 | 165.10 | 1.05 times |
| 05 Thu Sep 2024 | 168.60 | 170.90 | 174.85 | 168.30 | 0.918 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 167.4 as stoploss in an intra day buy trade for a target of 176.51. However, stock will show a bearish move below 167.4.
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 |
| Upside Target | 173.45 |
| Upside Target | 184.20 |
| 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 | 165.82 |
| Downside Intraday Target | 162.23 |
| Upside Intraday Target | 174.42 |
| Upside Intraday Target | 179.43 |
| Upside Intraday Target | 170.83 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Wed Sep 2024 | 169.40 | 173.55 | 175.85 | 167.25 | 1.093 times |
| 13 Fri Sep 2024 | 172.40 | 172.00 | 173.45 | 163.65 | 0.539 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 |
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 |
| 18 Wed Sep 2024 | 169.40 | 175.05 | 184.20 | 163.65 | 0.441 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
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 neutral. A longer time frame might give a better analysis.
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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below 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 positive zone. This is a BUY 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 170.16 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
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 neutral. A longer time frame might give a better analysis.
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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below 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 positive zone. This is a BUY 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 170.16 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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