(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 2024-08-02 View latest technical analysis
10 day averaged volume of Pennar Steel is 117250
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 185.90 | 185.15 | 193.10 | 183.05 | 0.67 times |
| 01 Thu Aug 2024 | 189.50 | 191.60 | 200.70 | 188.35 | 1.206 times |
| 31 Wed Jul 2024 | 193.90 | 190.50 | 196.75 | 190.50 | 0.412 times |
| 30 Tue Jul 2024 | 193.75 | 198.95 | 204.20 | 192.65 | 1.652 times |
| 29 Mon Jul 2024 | 196.65 | 181.00 | 198.60 | 181.00 | 3.646 times |
| 26 Fri Jul 2024 | 179.80 | 181.40 | 181.40 | 177.25 | 0.212 times |
| 25 Thu Jul 2024 | 178.15 | 181.45 | 186.90 | 177.70 | 1.095 times |
| 24 Wed Jul 2024 | 183.45 | 175.65 | 184.05 | 172.25 | 0.437 times |
| 23 Tue Jul 2024 | 172.20 | 178.00 | 178.00 | 165.15 | 0.427 times |
| 22 Mon Jul 2024 | 172.15 | 174.10 | 175.80 | 168.30 | 0.355 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 188.2 as stoploss in an intra day sell trade for a target of 179.87. However, stock will show a bullish move above 188.2.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 116.30 |
| Downside Target | 120.00 |
| Downside Target | 122.65 |
| Downside Target | 144.45 |
| Downside Target | 151.55 |
| Downside Target | 164.75 |
| Downside Target | 181.00 |
| Upside Target | 186.90 |
| Upside Target | 188.15 |
| Upside Target | 191.50 |
| Upside Target | 200.70 |
| Upside Target | 204.20 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 176.53 |
| Downside Intraday Target | 167.17 |
| Upside Intraday Target | 199.73 |
| Upside Intraday Target | 213.57 |
| Upside Intraday Target | 190.37 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 185.90 | 181.00 | 204.20 | 181.00 | 3.003 times |
| 26 Fri Jul 2024 | 179.80 | 174.10 | 186.90 | 165.15 | 0.502 times |
| 19 Fri Jul 2024 | 172.35 | 183.65 | 188.15 | 170.50 | 1.159 times |
| 12 Fri Jul 2024 | 177.90 | 174.80 | 182.40 | 164.75 | 0.649 times |
| 05 Fri Jul 2024 | 168.55 | 173.20 | 191.50 | 167.65 | 2.288 times |
Price has moved up 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 |
| 02 Fri Aug 2024 | 185.90 | 191.60 | 200.70 | 183.05 | 0.077 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 |
| 31 Fri May 2024 | 143.80 | 138.70 | 151.55 | 122.65 | 0.969 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 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 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 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 Strong 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 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining 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 189.68 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 Strong 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 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining 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 189.68 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. 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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