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513228 NEWS why is Pennar Steel price falling or rising

513228 NEWS reasons for why stock price of Pennar Steel is falling or rising

513228 Pennar Steel is falling or rising technical reasons

Technical analysis forecast for Pennar Steel Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Pennar Steel 513228 at this time. Stock is falling and might fall more.

It appears as if Pennar Steel 513228 gave a large move recently.

Stock of Pennar Steel (513228) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Pennar Steel is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Pennar Steel stays below 170.5, but if it comes above 170.5, then a intra day buy could be more profitable.
If you take a sell trade below 170.5, then use 170.5 as stoploss and 153.4 as target. However if you take a buy trade in Pennar Steel, then use 170.5 as stoploss and 184.77 as target.

513228 Pennar Steel is falling or rising NEWS fundamental reasons

More announcements and NEWS

513228 Pennar Steel current price & indicator signals

Moving Averages for Pennar Steel

  • 5Day Average: 166.69
  • 12Day Average: 181.58
  • 20Day Average: 189.11
  • 50Day Average: 203.03
  • 100Day Average: 224.1
  • 150Day Average: 228.21
  • 200Day Average: 221.79

513228 Indicators & signals

Indicator MACD (12,26,9)

177.67, 188.88, -8.27
Indicator MACD is in negative zone

Indicator ADX (14)

52.13, 11.9, 37.83
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 513228 Pennar Steel are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Thu Jan 2026 162.20 160.45 to 164.80 0.62% 0.59 times
21 Wed Jan 2026 161.20 158.65 to 165.30 -0.49% 0.99 times
20 Tue Jan 2026 162.00 160.75 to 169.90 -4.4% 1.02 times
19 Mon Jan 2026 169.45 168.70 to 175.50 -5.12% 1.76 times
16 Fri Jan 2026 178.60 177.50 to 184.35 -2.83% 0.38 times
14 Wed Jan 2026 183.80 182.30 to 189.70 -1.97% 0.84 times
13 Tue Jan 2026 187.50 186.50 to 191.90 -0.74% 0.76 times
12 Mon Jan 2026 188.90 183.75 to 193.95 -2.7% 0.99 times
09 Fri Jan 2026 194.15 186.75 to 195.00 -0.1% 0.91 times
08 Thu Jan 2026 194.35 192.15 to 199.20 -1.94% 1.86 times
07 Wed Jan 2026 198.20 195.00 to 199.65 -0.18% 0.49 times
06 Tue Jan 2026 198.55 196.95 to 203.00 0.03% 0.68 times

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513228 NEWS why is Pennar Steel price falling or rising

 

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