(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 2024-06-26 View latest technical analysis
10 day averaged volume of Pennar Steel is 98600
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Wed Jun 2024 | 170.30 | 176.70 | 176.70 | 168.00 | 0.33 times |
| 25 Tue Jun 2024 | 170.10 | 173.00 | 175.45 | 169.25 | 0.876 times |
| 24 Mon Jun 2024 | 175.40 | 182.85 | 182.85 | 173.30 | 0.529 times |
| 21 Fri Jun 2024 | 175.40 | 182.85 | 182.85 | 173.30 | 0.529 times |
| 20 Thu Jun 2024 | 180.50 | 166.00 | 183.60 | 166.00 | 1.037 times |
| 19 Wed Jun 2024 | 168.70 | 173.00 | 173.00 | 165.70 | 0.664 times |
| 18 Tue Jun 2024 | 169.45 | 174.75 | 174.75 | 164.65 | 0.564 times |
| 14 Fri Jun 2024 | 178.25 | 177.00 | 185.90 | 173.85 | 1.186 times |
| 13 Thu Jun 2024 | 178.25 | 177.00 | 185.90 | 173.85 | 1.186 times |
| 12 Wed Jun 2024 | 174.95 | 176.00 | 176.50 | 172.65 | 0.902 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 178.3 as stoploss in an intra day sell trade for a target of 161.79. However, stock will show a bullish move above 178.3.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 107.00 |
| Downside Target | 116.30 |
| Downside Target | 120.00 |
| Downside Target | 122.65 |
| Downside Target | 131.20 |
| Downside Target | 137.95 |
| Downside Target | 144.45 |
| Downside Target | 151.55 |
| Downside Target | 162.30 |
| Upside Target | 172.00 |
| Upside Target | 182.85 |
| Upside Target | 183.60 |
| Upside Target | 185.90 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 164.58 |
| Downside Intraday Target | 158.87 |
| Upside Intraday Target | 179.43 |
| Upside Intraday Target | 188.57 |
| Upside Intraday Target | 173.72 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Wed Jun 2024 | 170.30 | 182.85 | 182.85 | 168.00 | 0.621 times |
| 21 Fri Jun 2024 | 175.40 | 174.75 | 183.60 | 164.65 | 0.291 times |
| 14 Fri Jun 2024 | 178.25 | 174.95 | 185.90 | 166.45 | 0.784 times |
| 07 Fri Jun 2024 | 169.40 | 149.80 | 172.00 | 120.00 | 3.296 times |
| 31 Fri May 2024 | 143.80 | 146.90 | 151.55 | 137.95 | 0.513 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 |
| 26 Wed Jun 2024 | 170.30 | 149.80 | 185.90 | 120.00 | 1.357 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.
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 175.08 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.
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Pennar Steel in short term but BUY signal is weak.
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 175.08 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.
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