(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 2024-09-23 View latest technical analysis
10 day averaged volume of Pennar Steel is 63410
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Mon Sep 2024 | 172.70 | 172.00 | 173.90 | 170.85 | 3.731 times |
| 20 Fri Sep 2024 | 169.70 | 167.50 | 170.95 | 167.50 | 1.376 times |
| 19 Thu Sep 2024 | 166.45 | 170.70 | 173.35 | 162.00 | 2.216 times |
| 18 Wed Sep 2024 | 169.40 | 170.50 | 172.65 | 167.25 | 1.068 times |
| 17 Tue Sep 2024 | 169.65 | 174.15 | 175.20 | 169.00 | 0.887 times |
| 16 Mon Sep 2024 | 174.10 | 173.55 | 175.85 | 171.95 | 1.391 times |
| 13 Fri Sep 2024 | 172.40 | 169.05 | 173.20 | 169.05 | 1.251 times |
| 12 Thu Sep 2024 | 169.30 | 169.75 | 171.40 | 167.00 | 0.418 times |
| 11 Wed Sep 2024 | 167.40 | 170.00 | 173.45 | 166.55 | 0.493 times |
| 10 Tue Sep 2024 | 169.35 | 165.50 | 172.70 | 165.50 | 0.461 times |
Stock of Pennar Steel (PennarSteel) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bearish for shortterm, and stock might move down till 167 or till 159.8. Use a stoploss of 173.02 and if the stock hits stoploss, then it can shoot up till 179.01
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 120.00 |
| Downside Target | 122.65 |
| Downside Target | 151.55 |
| Downside Target | 162.00 |
| Downside Target | 170.85 |
| Upside Target | 176.00 |
| Upside Target | 184.20 |
| 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 | 171.07 |
| Downside Intraday Target | 169.43 |
| Upside Intraday Target | 174.12 |
| Upside Intraday Target | 175.53 |
| Downside Intraday Target | 172.48 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Mon Sep 2024 | 172.70 | 172.00 | 173.90 | 170.85 | 0.538 times |
| 20 Fri Sep 2024 | 169.70 | 173.55 | 175.85 | 162.00 | 2.266 times |
| 13 Fri Sep 2024 | 172.40 | 172.00 | 173.45 | 163.65 | 0.539 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 |
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 |
| 23 Mon Sep 2024 | 172.70 | 175.05 | 184.20 | 162.00 | 0.708 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 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell 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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 BUY signal in short term but buying is losing 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 170.58 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 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 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Pennar Steel in short term and the sell 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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 BUY signal in short term but buying is losing 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 170.58 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 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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