(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 72339
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 129.15 | 125.15 | 131.55 | 125.15 | 0.61 times |
| 07 Tue May 2024 | 127.55 | 132.75 | 133.10 | 126.20 | 2.331 times |
| 06 Mon May 2024 | 132.55 | 137.65 | 137.65 | 130.50 | 0.523 times |
| 03 Fri May 2024 | 134.60 | 136.85 | 137.80 | 132.75 | 0.751 times |
| 02 Thu May 2024 | 136.85 | 138.70 | 139.75 | 136.10 | 0.23 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 128.4 as stoploss in an intra day buy trade for a target of 133.72. However, stock will show a bearish move below 128.4.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 107.00 |
| Downside Target | 116.30 |
| Downside Target | 123.85 |
| Upside Target | 129.90 |
| Upside Target | 137.65 |
| Upside Target | 139.75 |
| Upside Target | 139.95 |
| 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 | 123.65 |
| Downside Intraday Target | 118.15 |
| Upside Intraday Target | 136.15 |
| Upside Intraday Target | 143.15 |
| Upside Intraday Target | 130.65 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 129.15 | 137.65 | 137.65 | 125.15 | 1.689 times |
| 03 Fri May 2024 | 134.60 | 141.25 | 142.70 | 132.75 | 0.179 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 |
Price has moved down 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 |
| 08 Wed May 2024 | 129.15 | 138.70 | 139.75 | 125.15 | 0.163 times |
| 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 |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 12, 27, 38 | Sell |
| MACD | -0, 1 | Sell |
| Stochastics | 15 | Sell |
| CCI | -132 | Sell |
| RSI | 48 | Sell |
| OBV | 244546 | Sell |
| VWAP | 136 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
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 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 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 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 SELL signal for Pennar Steel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 135.57 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 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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