(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 2024-09-09 View latest technical analysis
10 day averaged volume of Pennar Steel is 79164
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Mon Sep 2024 | 164.85 | 172.00 | 172.00 | 163.65 | 0.352 times |
| 06 Fri Sep 2024 | 168.80 | 171.80 | 171.80 | 165.10 | 0.769 times |
| 05 Thu Sep 2024 | 168.60 | 170.90 | 174.85 | 168.30 | 0.672 times |
| 04 Wed Sep 2024 | 170.10 | 176.00 | 177.70 | 169.30 | 1.604 times |
| 03 Tue Sep 2024 | 182.80 | 179.10 | 184.20 | 179.00 | 0.437 times |
| 02 Mon Sep 2024 | 178.80 | 175.05 | 181.00 | 174.65 | 1.072 times |
| 30 Fri Aug 2024 | 178.00 | 181.15 | 181.25 | 176.00 | 0.749 times |
| 29 Thu Aug 2024 | 178.50 | 184.00 | 188.45 | 177.35 | 1.669 times |
| 28 Wed Aug 2024 | 182.65 | 186.25 | 188.35 | 182.00 | 0.823 times |
| 27 Tue Aug 2024 | 186.80 | 187.65 | 190.00 | 186.10 | 0.765 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 169, but if it comes above 169, then a intra day buy could be more profitable.
If you take a sell trade below 169, then use 169 as stoploss and 157.4 as target. However if you take a buy trade in stock , then use 169 as stoploss and 178.71 as target.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 120.00 |
| Downside Target | 122.65 |
| Downside Target | 151.55 |
| Downside Target | 163.65 |
| Upside Target | 169.20 |
| Upside Target | 176.00 |
| Upside Target | 184.20 |
| Upside Target | 184.95 |
| Upside Target | 185.90 |
| Upside Target | 194.60 |
| Upside Target | 201.40 |
| Upside Target | 204.20 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 161.67 |
| Downside Intraday Target | 158.48 |
| Upside Intraday Target | 170.02 |
| Upside Intraday Target | 175.18 |
| Upside Intraday Target | 166.83 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Mon Sep 2024 | 164.85 | 172.00 | 172.00 | 163.65 | 0.077 times |
| 06 Fri Sep 2024 | 168.80 | 175.05 | 184.20 | 165.10 | 0.836 times |
| 30 Fri Aug 2024 | 178.00 | 193.00 | 194.60 | 176.00 | 0.85 times |
| 23 Fri Aug 2024 | 191.85 | 169.20 | 201.40 | 169.20 | 1.89 times |
| 16 Fri Aug 2024 | 168.30 | 175.85 | 184.95 | 164.30 | 0.856 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 |
| 09 Mon Sep 2024 | 164.85 | 175.05 | 184.20 | 163.65 | 0.223 times |
| 30 Fri Aug 2024 | 178.00 | 191.60 | 201.40 | 164.30 | 0.61 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 |
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 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 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 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 mid to longer 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.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.
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 red color and prices are below the red 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 and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL 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 176.17 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 negative.
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 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 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 mid to longer 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.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell signal is strong.
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 red color and prices are below the red 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 and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL 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 176.17 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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