(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 2024-08-12 View latest technical analysis
10 day averaged volume of Pennar Steel is 120274
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Mon Aug 2024 | 178.90 | 175.85 | 181.50 | 174.50 | 0.604 times |
| 09 Fri Aug 2024 | 179.30 | 181.60 | 181.60 | 178.30 | 0.319 times |
| 08 Thu Aug 2024 | 178.00 | 181.80 | 181.80 | 175.20 | 0.253 times |
| 07 Wed Aug 2024 | 178.20 | 172.00 | 182.30 | 172.00 | 0.383 times |
| 06 Tue Aug 2024 | 171.70 | 171.60 | 182.00 | 169.75 | 1.217 times |
| 05 Mon Aug 2024 | 173.65 | 182.00 | 182.00 | 170.40 | 0.432 times |
| 02 Fri Aug 2024 | 185.90 | 185.15 | 193.10 | 183.05 | 0.653 times |
| 01 Thu Aug 2024 | 189.50 | 191.60 | 200.70 | 188.35 | 1.176 times |
| 31 Wed Jul 2024 | 193.90 | 190.50 | 196.75 | 190.50 | 0.402 times |
| 30 Tue Jul 2024 | 193.75 | 198.95 | 204.20 | 192.65 | 1.611 times |
My analysis of stock is bearish for shortterm, and stock might move down till 173.6 or till 164.7. Use a stoploss of 181.03 and if the stock hits stoploss, then it can shoot up till 188.45
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 | 169.75 |
| Downside Target | 174.50 |
| Upside Target | 181.00 |
| Upside Target | 186.90 |
| Upside Target | 188.15 |
| Upside Target | 200.70 |
| Upside Target | 204.20 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 175.1 |
| Downside Intraday Target | 171.3 |
| Upside Intraday Target | 182.1 |
| Upside Intraday Target | 185.3 |
| Downside Intraday Target | 178.3 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Mon Aug 2024 | 178.90 | 175.85 | 181.50 | 174.50 | 0.232 times |
| 09 Fri Aug 2024 | 179.30 | 182.00 | 182.30 | 169.75 | 0.352 times |
| 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 |
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 |
| 12 Mon Aug 2024 | 178.90 | 191.60 | 200.70 | 169.75 | 0.213 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.
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 red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Pennar Steel in short term and SELL 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 183.95 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.
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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.
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 red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Pennar Steel in short term and SELL 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 183.95 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.
Click here for Pennar Steel charts
Click here for further forecast and predictions for tomorrow