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(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 2025-04-08 View latest technical analysis

10 day averaged volume of Pennar Steel is 34063

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Apr 2025	179.15	183.00	183.75	176.30	0.353 times
04 Fri Apr 2025	183.40	192.10	192.40	181.30	1.158 times
02 Wed Apr 2025	190.55	185.80	192.85	183.35	2.136 times
01 Tue Apr 2025	185.80	188.00	190.50	183.50	0.41 times
28 Fri Mar 2025	187.65	194.50	194.50	187.25	0.372 times
26 Wed Mar 2025	180.25	186.30	186.30	179.40	1.123 times
25 Tue Mar 2025	182.65	191.00	191.25	181.40	0.935 times
24 Mon Mar 2025	185.60	190.95	191.75	185.15	0.504 times
21 Fri Mar 2025	188.05	183.70	189.90	182.70	1.131 times
20 Thu Mar 2025	183.15	183.35	185.60	178.35	0.633 times

My analysis of stock is bullish for shortterm, and stock might move up till 186.5 or till 195.3. Use a stoploss of 179.1 and if this stock hits its stoploss, then it can fall down till 171.74

Share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Target	136.60
Downside Target	148.10
Downside Target	165.00
Downside Target	171.45
Downside Target	176.30
Upside Target	187.45
Upside Target	191.80
Upside Target	192.85
Upside Target	194.50
Upside Target	204.20
Upside Target	227.70

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type	Value
Downside Intraday Target	175.72
Downside Intraday Target	172.28
Upside Intraday Target	183.17
Upside Intraday Target	187.18
Upside Intraday Target	179.73

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Apr 2025	179.15	183.00	183.75	176.30	0.095 times
04 Fri Apr 2025	183.40	188.00	192.85	181.30	1.263 times
28 Fri Mar 2025	187.65	190.95	194.50	179.40	0.275 times
21 Fri Mar 2025	188.05	173.95	191.80	171.45	2.204 times
13 Thu Mar 2025	168.50	172.05	177.15	165.00	0.861 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
08 Tue Apr 2025	179.15	188.00	192.85	176.30	0.169 times
28 Fri Mar 2025	187.65	154.05	194.50	149.95	0.809 times
28 Fri Feb 2025	156.50	159.00	178.75	136.60	0.839 times
31 Fri Jan 2025	164.95	196.65	204.20	148.10	0.663 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 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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 but buying is losing 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 185.49 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 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.