(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 2024-11-07 View latest technical analysis
10 day averaged volume of Pennar Steel is 100877
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Thu Nov 2024 | 203.70 | 208.95 | 209.00 | 202.35 | 0.729 times |
| 06 Wed Nov 2024 | 205.80 | 197.80 | 210.00 | 197.65 | 0.935 times |
| 05 Tue Nov 2024 | 197.80 | 200.75 | 203.80 | 196.75 | 0.832 times |
| 04 Mon Nov 2024 | 198.70 | 195.45 | 204.10 | 191.05 | 0.767 times |
| 01 Fri Nov 2024 | 196.65 | 197.55 | 199.80 | 190.45 | 0.81 times |
| 31 Thu Oct 2024 | 194.75 | 187.30 | 196.90 | 186.65 | 0.539 times |
| 30 Wed Oct 2024 | 185.35 | 180.25 | 187.40 | 180.25 | 0.521 times |
| 29 Tue Oct 2024 | 179.75 | 186.45 | 187.90 | 175.90 | 1.245 times |
| 28 Mon Oct 2024 | 186.65 | 187.95 | 191.75 | 182.90 | 0.533 times |
| 25 Fri Oct 2024 | 185.25 | 195.65 | 195.80 | 180.80 | 2.471 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 200.9, but if it comes below 200.9, then a intra day sell could be more profitable.
If you take a sell trade below 200.9, then use 200.9 as stoploss and 191.96 as target. However if you take a buy trade in stock , then use 200.9 as stoploss and 211.7 as target.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 162.00 |
| Downside Target | 175.90 |
| Downside Target | 180.80 |
| Downside Target | 185.55 |
| Downside Target | 190.45 |
| Downside Target | 199.80 |
| Downside Target | 201.40 |
| Upside Target | 204.20 |
| Upside Target | 210.00 |
| Upside Target | 210.40 |
| Upside Target | 215.00 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 193.17 |
| Downside Intraday Target | 182.63 |
| Upside Intraday Target | 212.12 |
| Upside Intraday Target | 220.53 |
| Downside Intraday Target | 201.58 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Thu Nov 2024 | 203.70 | 195.45 | 210.00 | 191.05 | 0.895 times |
| 01 Fri Nov 2024 | 196.65 | 187.95 | 199.80 | 175.90 | 0.33 times |
| 25 Fri Oct 2024 | 185.25 | 210.75 | 215.00 | 180.80 | 1.711 times |
| 18 Fri Oct 2024 | 206.95 | 176.00 | 210.40 | 176.00 | 1.167 times |
| 11 Fri Oct 2024 | 177.45 | 183.30 | 185.55 | 167.00 | 0.822 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 |
| 07 Thu Nov 2024 | 203.70 | 197.55 | 210.00 | 190.45 | 0.126 times |
| 31 Thu Oct 2024 | 194.75 | 175.45 | 215.00 | 167.00 | 1.489 times |
| 30 Mon Sep 2024 | 170.45 | 175.05 | 186.50 | 162.00 | 1.261 times |
| 30 Fri Aug 2024 | 178.00 | 191.60 | 201.40 | 164.30 | 0.61 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 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 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 Strong and stock is losing momentum.
MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Pennar Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
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 and the buying is gaining 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 191.83 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 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 Strong and stock is losing momentum.
MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Pennar Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
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 and the buying is gaining 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 191.83 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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