(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 2024-06-03 View latest technical analysis
10 day averaged volume of Pennar Steel is 108728
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Mon Jun 2024 | 144.15 | 149.80 | 152.00 | 143.95 | 0.29 times |
| 31 Fri May 2024 | 143.80 | 137.95 | 144.90 | 137.95 | 0.687 times |
| 30 Thu May 2024 | 140.35 | 140.60 | 144.05 | 139.45 | 0.192 times |
| 29 Wed May 2024 | 143.40 | 143.65 | 145.65 | 140.90 | 0.646 times |
| 28 Tue May 2024 | 142.60 | 145.65 | 145.65 | 140.50 | 0.452 times |
| 27 Mon May 2024 | 144.10 | 146.90 | 151.55 | 143.40 | 1.393 times |
| 24 Fri May 2024 | 146.65 | 146.35 | 151.40 | 144.45 | 1.648 times |
| 23 Thu May 2024 | 143.55 | 134.50 | 144.50 | 131.60 | 4.099 times |
| 22 Wed May 2024 | 133.70 | 133.20 | 137.45 | 132.40 | 0.254 times |
| 21 Tue May 2024 | 135.10 | 135.80 | 136.00 | 133.00 | 0.572 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 143, but if it comes below 143, then a intra day sell could be more profitable.
If you take a sell trade below 143, then use 143 as stoploss and 136.18 as target. However if you take a buy trade in stock , then use 143 as stoploss and 151.1 as target.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 107.00 |
| Downside Target | 116.30 |
| Downside Target | 122.65 |
| Downside Target | 131.20 |
| Downside Target | 137.65 |
| Downside Target | 143.95 |
| Upside Target | 144.45 |
| Upside Target | 151.40 |
| Upside Target | 151.55 |
| Upside Target | 152.00 |
| Upside Target | 162.30 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 141.4 |
| Downside Intraday Target | 138.65 |
| Upside Intraday Target | 149.45 |
| Upside Intraday Target | 154.75 |
| Upside Intraday Target | 146.7 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Mon Jun 2024 | 144.15 | 149.80 | 152.00 | 143.95 | 0.086 times |
| 31 Fri May 2024 | 143.80 | 146.90 | 151.55 | 137.95 | 0.513 times |
| 24 Fri May 2024 | 146.65 | 135.80 | 151.40 | 131.60 | 1.557 times |
| 18 Sat May 2024 | 136.05 | 124.65 | 139.00 | 122.65 | 1.501 times |
| 10 Fri May 2024 | 126.45 | 137.65 | 137.65 | 123.10 | 2.061 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 |
| 03 Mon Jun 2024 | 144.15 | 149.80 | 152.00 | 143.95 | 0.016 times |
| 31 Fri May 2024 | 143.80 | 138.70 | 151.55 | 122.65 | 0.969 times |
| 30 Tue Apr 2024 | 136.90 | 134.25 | 144.45 | 116.30 | 0.892 times |
| 28 Thu Mar 2024 | 133.15 | 135.30 | 139.95 | 107.00 | 1.064 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 moving up
CCI has generated a buy signal for Pennar Steel in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 143.33 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 moving up
CCI has generated a buy signal for Pennar Steel in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 143.33 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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