(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)
10 day averaged volume of Pennar Steel is 121941
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 136.90 | 141.95 | 141.95 | 136.50 | 0.445 times |
| 29 Mon Apr 2024 | 139.15 | 141.25 | 142.70 | 138.20 | 0.19 times |
| 26 Fri Apr 2024 | 138.85 | 143.45 | 143.45 | 138.50 | 0.513 times |
| 25 Thu Apr 2024 | 141.30 | 139.90 | 143.90 | 139.05 | 1.162 times |
| 24 Wed Apr 2024 | 140.65 | 140.15 | 144.20 | 139.80 | 0.985 times |
My analysis of stock is bullish for shortterm, and stock might move up till 139.8 or till 145.9. Use a stoploss of 134.66 and if this stock hits its stoploss, then it can fall down till 129.55
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 107.00 |
| Downside Target | 113.05 |
| Downside Target | 116.30 |
| Downside Target | 123.85 |
| Downside Target | 129.90 |
| Downside Target | 136.50 |
| Upside Target | 139.95 |
| Upside Target | 140.35 |
| Upside Target | 142.70 |
| Upside Target | 144.45 |
| Upside Target | 156.90 |
| Upside Target | 162.30 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 134.7 |
| Downside Intraday Target | 132.5 |
| Upside Intraday Target | 140.9 |
| Upside Intraday Target | 144.9 |
| Upside Intraday Target | 138.7 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 136.90 | 141.25 | 142.70 | 136.50 | 0.094 times |
| 26 Fri Apr 2024 | 138.85 | 132.60 | 144.45 | 130.10 | 1.713 times |
| 19 Fri Apr 2024 | 129.05 | 116.30 | 129.90 | 116.30 | 1.807 times |
| 12 Fri Apr 2024 | 131.25 | 138.05 | 139.20 | 130.50 | 0.829 times |
| 05 Fri Apr 2024 | 137.85 | 134.25 | 140.35 | 131.70 | 0.824 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 |
| 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 |
| 29 Thu Feb 2024 | 134.10 | 154.55 | 162.30 | 131.20 | 0.533 times |
| 31 Wed Jan 2024 | 153.35 | 124.05 | 156.90 | 123.85 | 1.258 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 20, 20, 0 | Buy |
| MACD | 3, 2 | Buy |
| Stochastics | 77 | Buy |
| CCI | 31 | Sell |
| RSI | 48 | Sell |
| OBV | 623664 | Sell |
| VWAP | 137 | Buy |
| ADL | 0 | Sell |
| ROC | 9 | Buy |
| Force Index | 0 | Sell |
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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Pennar Steel in short term and the buy signal is strong.
Pennar Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 136.68 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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