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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)

10 day averaged volume of Pennar Steel is 42764

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Apr 2025	183.40	192.10	192.40	181.30	0.922 times
02 Wed Apr 2025	190.55	185.80	192.85	183.35	1.701 times
01 Tue Apr 2025	185.80	188.00	190.50	183.50	0.327 times
28 Fri Mar 2025	187.65	194.50	194.50	187.25	0.296 times
26 Wed Mar 2025	180.25	186.30	186.30	179.40	0.894 times
25 Tue Mar 2025	182.65	191.00	191.25	181.40	0.745 times
24 Mon Mar 2025	185.60	190.95	191.75	185.15	0.401 times
21 Fri Mar 2025	188.05	183.70	189.90	182.70	0.901 times
20 Thu Mar 2025	183.15	183.35	185.60	178.35	0.504 times
19 Wed Mar 2025	183.30	188.00	191.80	182.75	1.274 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 186.8 as stoploss in an intra day sell trade for a target of 177.99. However, stock will show a bullish move above 186.8.

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	177.15
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	178.85
Downside Intraday Target	174.3
Upside Intraday Target	190.4
Upside Intraday Target	197.4
Upside Intraday Target	185.85

Weekly technical analysis of Pennar Steel (PennarSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
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
07 Fri Mar 2025	174.25	154.05	177.30	149.95	1.219 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
04 Fri Apr 2025	183.40	188.00	192.85	181.30	0.154 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 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Pennar Steel in short term and the buy 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above 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 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 185.36 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.