(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 2024-08-01 View latest technical analysis
10 day averaged volume of Pennar Steel is 117775
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 189.50 | 191.60 | 200.70 | 188.35 | 1.201 times |
| 31 Wed Jul 2024 | 193.90 | 190.50 | 196.75 | 190.50 | 0.41 times |
| 30 Tue Jul 2024 | 193.75 | 198.95 | 204.20 | 192.65 | 1.645 times |
| 29 Mon Jul 2024 | 196.65 | 181.00 | 198.60 | 181.00 | 3.629 times |
| 26 Fri Jul 2024 | 179.80 | 181.40 | 181.40 | 177.25 | 0.211 times |
| 25 Thu Jul 2024 | 178.15 | 181.45 | 186.90 | 177.70 | 1.09 times |
| 24 Wed Jul 2024 | 183.45 | 175.65 | 184.05 | 172.25 | 0.435 times |
| 23 Tue Jul 2024 | 172.20 | 178.00 | 178.00 | 165.15 | 0.425 times |
| 22 Mon Jul 2024 | 172.15 | 174.10 | 175.80 | 168.30 | 0.353 times |
| 19 Fri Jul 2024 | 172.35 | 179.80 | 179.80 | 170.50 | 0.555 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 187.6, but if it comes below 187.6, then a intra day sell could be more profitable.
If you take a sell trade below 187.6, then use 187.6 as stoploss and 179.11 as target. However if you take a buy trade in stock , then use 187.6 as stoploss and 197.7 as target.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 116.30 |
| Downside Target | 120.00 |
| Downside Target | 122.65 |
| Downside Target | 144.45 |
| Downside Target | 151.55 |
| Downside Target | 164.75 |
| Downside Target | 181.00 |
| Downside Target | 188.15 |
| Downside Target | 188.35 |
| Upside Target | 191.50 |
| Upside Target | 200.70 |
| Upside Target | 204.20 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 178.93 |
| Downside Intraday Target | 168.37 |
| Upside Intraday Target | 202.13 |
| Upside Intraday Target | 214.77 |
| Upside Intraday Target | 191.57 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 189.50 | 181.00 | 204.20 | 181.00 | 2.738 times |
| 26 Fri Jul 2024 | 179.80 | 174.10 | 186.90 | 165.15 | 0.502 times |
| 19 Fri Jul 2024 | 172.35 | 183.65 | 188.15 | 170.50 | 1.159 times |
| 12 Fri Jul 2024 | 177.90 | 174.80 | 182.40 | 164.75 | 0.649 times |
| 05 Fri Jul 2024 | 168.55 | 173.20 | 191.50 | 167.65 | 2.288 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Pennar Steel (PennarSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 189.50 | 191.60 | 200.70 | 188.35 | 0.05 times |
| 31 Wed Jul 2024 | 193.90 | 173.20 | 204.20 | 164.75 | 1.028 times |
| 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 |
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 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.
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 but SELL signal is weak.
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 188.97 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.
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 but SELL signal is weak.
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 188.97 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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