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(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 181676

Date Daily Closing Price Open High Low Volume
31 Thu Oct 2024 194.75 187.30 196.90 186.65 0.299 times
30 Wed Oct 2024 185.35 180.25 187.40 180.25 0.289 times
29 Tue Oct 2024 179.75 186.45 187.90 175.90 0.691 times
28 Mon Oct 2024 186.65 187.95 191.75 182.90 0.296 times
25 Fri Oct 2024 185.25 195.65 195.80 180.80 1.372 times
24 Thu Oct 2024 193.75 199.75 203.95 192.20 0.747 times
23 Wed Oct 2024 198.55 184.05 204.90 184.05 0.94 times
22 Tue Oct 2024 187.30 204.85 204.85 186.00 1.975 times
21 Mon Oct 2024 204.30 210.75 215.00 201.00 1.111 times
18 Fri Oct 2024 206.95 184.20 210.40 182.00 2.043 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 195.5 as stoploss in an intra day sell trade for a target of 186.39. However, stock will show a bullish move above 195.5.

Share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Target 120.00
Downside Target 162.00
Downside Target 175.90
Downside Target 180.80
Downside Target 185.55
Downside Target 189.90
Upside Target 196.90
Upside Target 201.40
Upside Target 204.20
Upside Target 210.40
Upside Target 215.00

Intraday share price targets for Pennar Steel (PennarSteel)

Target Type Value
Downside Intraday Target 181.47
Downside Intraday Target 168.18
Upside Intraday Target 202.47
Upside Intraday Target 210.18
Downside Intraday Target 189.18

Weekly technical analysis of Pennar Steel (PennarSteel)

Date Weekly Closing Price Open High Low Volume
31 Thu Oct 2024 194.75 187.95 196.90 175.90 0.256 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
03 Thu Oct 2024 187.00 174.00 189.90 168.75 0.58 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
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
31 Wed Jul 2024 193.90 173.20 204.20 164.75 1.028 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 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green 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 and the buying is gaining 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 194.25 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 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green 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 and the buying is gaining 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 194.25 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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Daily charts

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