(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 2025-05-22 View latest technical analysis
10 day averaged volume of Pennar Steel is 31473
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Thu May 2025 | 213.60 | 208.85 | 214.50 | 201.60 | 1.634 times |
| 21 Wed May 2025 | 204.15 | 199.95 | 207.65 | 198.10 | 1.438 times |
| 20 Tue May 2025 | 199.80 | 202.00 | 203.00 | 198.00 | 0.991 times |
| 19 Mon May 2025 | 198.40 | 190.05 | 199.85 | 190.05 | 0.523 times |
| 16 Fri May 2025 | 193.40 | 194.55 | 196.45 | 191.60 | 0.196 times |
| 15 Thu May 2025 | 194.00 | 196.35 | 199.10 | 192.60 | 0.761 times |
| 14 Wed May 2025 | 195.40 | 191.90 | 198.00 | 189.95 | 0.865 times |
| 13 Tue May 2025 | 191.45 | 189.80 | 192.30 | 186.05 | 1.629 times |
| 12 Mon May 2025 | 189.70 | 184.95 | 190.00 | 175.00 | 1.237 times |
| 09 Fri May 2025 | 172.30 | 159.30 | 175.00 | 159.30 | 0.872 times |
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 212.4, for a target of 200 or 189.76
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 136.60 |
| Downside Target | 148.10 |
| Downside Target | 159.30 |
| Downside Target | 170.30 |
| Downside Target | 175.00 |
| Downside Target | 178.75 |
| Downside Target | 185.80 |
| Downside Target | 190.05 |
| Downside Target | 199.10 |
| Downside Target | 202.20 |
| Downside Target | 204.20 |
| Upside Target | 214.50 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 197.6 |
| Downside Intraday Target | 181.6 |
| Upside Intraday Target | 222.05 |
| Upside Intraday Target | 230.5 |
| Downside Intraday Target | 206.05 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Thu May 2025 | 213.60 | 190.05 | 214.50 | 190.05 | 0.978 times |
| 16 Fri May 2025 | 193.40 | 184.95 | 199.10 | 175.00 | 1.062 times |
| 09 Fri May 2025 | 172.30 | 181.70 | 194.00 | 159.30 | 1.558 times |
| 02 Fri May 2025 | 182.45 | 189.05 | 193.35 | 180.05 | 0.317 times |
| 25 Fri Apr 2025 | 189.80 | 185.80 | 202.20 | 185.80 | 2.906 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 |
| 22 Thu May 2025 | 213.60 | 180.05 | 214.50 | 159.30 | 0.652 times |
| 30 Wed Apr 2025 | 183.20 | 188.00 | 202.20 | 170.30 | 0.837 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 |
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 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 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 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.
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 196.7 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 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 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 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.
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 196.7 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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