(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 2024-09-30 View latest technical analysis
10 day averaged volume of Pennar Steel is 161276
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Mon Sep 2024 | 170.45 | 174.00 | 174.00 | 168.75 | 0.165 times |
| 27 Fri Sep 2024 | 170.75 | 175.00 | 175.00 | 170.20 | 0.144 times |
| 26 Thu Sep 2024 | 173.05 | 177.05 | 179.35 | 172.25 | 0.204 times |
| 25 Wed Sep 2024 | 180.00 | 183.90 | 184.85 | 178.80 | 1.078 times |
| 24 Tue Sep 2024 | 182.85 | 172.00 | 186.50 | 171.95 | 4.378 times |
| 23 Mon Sep 2024 | 172.70 | 172.00 | 173.90 | 170.85 | 1.467 times |
| 20 Fri Sep 2024 | 169.70 | 167.50 | 170.95 | 167.50 | 0.541 times |
| 19 Thu Sep 2024 | 166.45 | 170.70 | 173.35 | 162.00 | 0.871 times |
| 18 Wed Sep 2024 | 169.40 | 170.50 | 172.65 | 167.25 | 0.42 times |
| 17 Tue Sep 2024 | 169.65 | 174.15 | 175.20 | 169.00 | 0.349 times |
My analysis of stock is bearish for shortterm, and stock might move down till 166.8 or till 161. Use a stoploss of 171.64 and if the stock hits stoploss, then it can shoot up till 176.47
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 120.00 |
| Downside Target | 122.65 |
| Downside Target | 151.55 |
| Downside Target | 162.00 |
| Downside Target | 168.75 |
| Upside Target | 175.85 |
| Upside Target | 184.20 |
| Upside Target | 185.90 |
| Upside Target | 186.50 |
| Upside Target | 201.40 |
| Upside Target | 204.20 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 168.13 |
| Downside Intraday Target | 165.82 |
| Upside Intraday Target | 173.38 |
| Upside Intraday Target | 176.32 |
| Upside Intraday Target | 171.07 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Mon Sep 2024 | 170.45 | 174.00 | 174.00 | 168.75 | 0.023 times |
| 27 Fri Sep 2024 | 170.75 | 172.00 | 186.50 | 170.20 | 2.666 times |
| 20 Fri Sep 2024 | 169.70 | 173.55 | 175.85 | 162.00 | 2.266 times |
| 13 Fri Sep 2024 | 172.40 | 172.00 | 173.45 | 163.65 | 0.539 times |
| 06 Fri Sep 2024 | 168.80 | 175.05 | 184.20 | 165.10 | 0.836 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 |
| 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 |
| 28 Fri Jun 2024 | 168.70 | 149.80 | 185.90 | 120.00 | 1.447 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Pennar Steel in short term but the buy signal is initial and weak.
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 getting stronger in this stock.
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 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 177.09 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 has given negative returns over a short term period. Returns for a longer term period have been negative.
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Pennar Steel in short term but the buy signal is initial and weak.
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 getting stronger in this stock.
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 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 177.09 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 has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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