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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 2024-06-28 View latest technical analysis

10 day averaged volume of Pennar Steel is 81637

Date Daily Closing Price Open High Low Volume
28 Fri Jun 2024 168.70 165.15 169.90 165.00 0.441 times
27 Thu Jun 2024 163.80 170.80 173.30 162.00 1.666 times
26 Wed Jun 2024 170.30 176.70 176.70 168.00 0.398 times
25 Tue Jun 2024 170.10 173.00 175.45 169.25 1.058 times
24 Mon Jun 2024 175.40 182.85 182.85 173.30 0.639 times
21 Fri Jun 2024 175.40 182.85 182.85 173.30 0.639 times
20 Thu Jun 2024 180.50 166.00 183.60 166.00 1.252 times
19 Wed Jun 2024 168.70 173.00 173.00 165.70 0.802 times
18 Tue Jun 2024 169.45 174.75 174.75 164.65 0.681 times
14 Fri Jun 2024 178.25 177.00 185.90 173.85 1.432 times

My analysis of stock is bullish for shortterm, and stock might move up till 179.4 or till 197.6. Use a stoploss of 164.23 and if this stock hits its stoploss, then it can fall down till 149.07

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 162.00
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 159.52
Downside Intraday Target 150.33
Upside Intraday Target 180.37
Upside Intraday Target 192.03
Upside Intraday Target 171.18

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
28 Fri Jun 2024 168.70 182.85 182.85 162.00 1.246 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
28 Fri Jun 2024 168.70 149.80 185.90 120.00 1.447 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 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 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 to mid 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 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 SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 172.19 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 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 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 to mid 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 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 SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 172.19 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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