(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 2024-08-19 View latest technical analysis
10 day averaged volume of Pennar Steel is 65997
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Mon Aug 2024 | 179.40 | 169.20 | 182.65 | 169.20 | 0.968 times |
| 16 Fri Aug 2024 | 168.30 | 168.80 | 172.95 | 167.80 | 1.068 times |
| 14 Wed Aug 2024 | 165.45 | 172.95 | 172.95 | 164.30 | 0.615 times |
| 13 Tue Aug 2024 | 168.50 | 175.85 | 184.95 | 166.00 | 1.279 times |
| 12 Mon Aug 2024 | 178.90 | 175.85 | 181.50 | 174.50 | 1.102 times |
| 09 Fri Aug 2024 | 179.30 | 181.60 | 181.60 | 178.30 | 0.581 times |
| 08 Thu Aug 2024 | 178.00 | 181.80 | 181.80 | 175.20 | 0.462 times |
| 07 Wed Aug 2024 | 178.20 | 172.00 | 182.30 | 172.00 | 0.698 times |
| 06 Tue Aug 2024 | 171.70 | 171.60 | 182.00 | 169.75 | 2.218 times |
| 05 Mon Aug 2024 | 173.65 | 182.00 | 182.00 | 170.40 | 0.788 times |
My analysis of stock is bullish for shortterm, and stock might move up till 188 or till 198.5. Use a stoploss of 179.34 and if this stock hits its stoploss, then it can fall down till 170.64
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 | 164.30 |
| Downside Target | 169.20 |
| Upside Target | 181.00 |
| Upside Target | 184.95 |
| Upside Target | 185.90 |
| Upside Target | 186.90 |
| Upside Target | 200.70 |
| Upside Target | 204.20 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 171.52 |
| Downside Intraday Target | 163.63 |
| Upside Intraday Target | 184.97 |
| Upside Intraday Target | 190.53 |
| Downside Intraday Target | 177.08 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Mon Aug 2024 | 179.40 | 169.20 | 182.65 | 169.20 | 0.238 times |
| 16 Fri Aug 2024 | 168.30 | 175.85 | 184.95 | 164.30 | 0.856 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 |
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 |
| 19 Mon Aug 2024 | 179.40 | 191.60 | 200.70 | 164.30 | 0.304 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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
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 173.46 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 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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
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 173.46 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 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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