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Panchmahal Steel Share Price Target - Tomorrow, Next Week & Next Month

Panchmahal Steel Limited

Company LogoSymbol: PANCHMAHQ
Price: ₹235.2
Exchange: BSE
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Panchmahal Steel Recent Performance

Over the past 25 trading days, the value of Panchmahal Steel's stock has increased by ₹19.95 (+9.27%). On 12 Sep 2024, one share was worth ₹215.25 and by 17 Oct 2024, the value jumped to ₹235.20. During this period it created a highest high of ₹266.10 and lowest low of ₹192.14.

Below Image represents line chart of daily close price of Panchmahal Steel, helping you visualize how the price has changed day by day.

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Panchmahal Steel Recent Daily Close Chart

Chart: Panchmahal Steel Share Price Target - Tomorrow

Panchmahal Steel Targets For Tomorrow Chart

The line chart displays the Panchmahal Steel daily closing prices for the past 25 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.

For detailed target and stop loss values for Panchmahal Steel shares for Thu 17 Oct 2024, see the table below.

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Table: Panchmahal Steel Share Price Target - Tomorrow

By analyzing Panchmahal Steel stock with yesterday and past crucial price points and technical indicators we derived following targets for: Fri, 18 Oct, 2024!

Panchmahal Steel's LevelsValueReason/Importance
Tomorrow Target 3247.12 (+5.06%)Fibonacci Extension Level 123.6%
Tomorrow Target 2243.95 (+3.72%)Price Action: Oct 2024 High
Tomorrow Target 1239.00 (+1.61%)Price Action: 08 Oct 2024 High
Current Price235.20Panchmahal Steel's 1 share price as of Thu 17 Oct 2024
Stop Loss 1233.37 (-0.78%)Fibonacci Retracement Level 78.6%
Stop Loss 2232.09 (-1.33%)Price Action: Chart
Stop Loss 3230.50 (-2%)Price Action: Oct 2024 Low

Summary: Panchmahal Steel Share Price Prediction For Tomorrow

Thu 17 Oct 2024: Panchmahal Steel finished the day at ₹235.20, gaining ₹0.15 (+0.06%) in 1 day.

In summary, our analysis of Panchmahal Steel for tomorrow predicts a rise of 1.61% to 5.06% with three potential targets T1: ₹239.00, T2: ₹243.95, T3: ₹247.12 and Stop-Loss (SL) at SL1: ₹233.37, SL2: ₹232.09, SL3: ₹230.50.

Additionally, we've identified a support level at ₹230.50 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹243.95, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.

Over the last 25 trading days, the stock has jumped 9.27%, indicating it could be a good option for trading or short-term investment. During this period, its price fluctuated between 266.10 and 192.14.

After looking at tomorrow's share price prediction, let's now check what next week might hold for Panchmahal Steel.

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Chart: Panchmahal Steel Share Price Target - Next Week

Panchmahal Steel Targets For Next Week Chart

The chart displays the Panchmahal Steel weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.

For detailed target and stop loss values for Panchmahal Steel shares for next week, see the table below.

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Table: Panchmahal Steel Share Price Target - Next Week

By analyzing Panchmahal Steel stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!

Panchmahal Steel's LevelsValueReason/Importance
Next Week Target 3254.00 (+7.99%)Price Action: Apr 2024 High
Next Week Target 2249.95 (+6.27%)Price Action: Feb 2008 High
Next Week Target 1246.78 (+4.92%)Custom Fibonacci Extension Lvl 23.6%
Current Price235.20Panchmahal Steel's 1 share price as of Thu 17 Oct 2024
Stop Loss 1231.00 (-1.79%)Price Action: Apr 2024 Low
Stop Loss 2228.00 (-3.07%)Price Action: May 2024 High
Stop Loss 3225.20 (-4.26%)Price Action: 15 Oct 2024 Low

Summary: Panchmahal Steel Share Price Prediction For Next Week

As of Thu 17 Oct 2024, Panchmahal Steel share price stands at ₹235.20, losing ₹-15.69 (-6.25%) in this week.

In summary, our analysis of Panchmahal Steel for next week predicts a rise of 4.92% to 7.99% with three potential targets T1: ₹246.78, T2: ₹249.95, T3: ₹254.00 and Stop-Loss (SL) at SL1: ₹231.00, SL2: ₹228.00, SL3: ₹225.20.

Additionally, we've identified a support level at ₹225.20 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹258.00, which is like a ceiling at which the price might have a hard time breaking through.

After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Panchmahal Steel.

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Chart: Panchmahal Steel Share Price Target - Next Month

Panchmahal Steel Targets For Next Month Chart

The chart displays the Panchmahal Steel monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.

For detailed target and stop loss values for Panchmahal Steel shares for next month, see the table below.

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Table: Panchmahal Steel Share Price Target - Next Month

By analyzing Panchmahal Steel stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!

Panchmahal Steel's LevelsValueReason/Importance
Next Month Target 3258.00 (+9.69%)Price Action: 14 Oct 2024 High
Next Month Target 2252.65 (+7.41%)Custom Fibonacci Extension Lvl 23.6%
Next Month Target 1249.95 (+6.27%)Price Action: Feb 2008 High
Current Price235.20Panchmahal Steel's 1 share price as of Thu 17 Oct 2024
Stop Loss 1231.00 (-1.79%)Price Action: Apr 2024 Low
Stop Loss 2228.00 (-3.07%)Price Action: May 2024 High
Stop Loss 3225.20 (-4.26%)Price Action: 15 Oct 2024 Low

Summary: Panchmahal Steel Share Price Prediction For Next Month

As of Thu 17 Oct 2024, Panchmahal Steel share price stands at ₹235.20, gaining ₹30.70 (+15.01%) in this month.

In summary, our analysis of Panchmahal Steel for next month predicts a rise of 6.27% to 9.69% with three potential targets T1: ₹249.95, T2: ₹252.65, T3: ₹258.00 and Stop-Loss (SL) at SL1: ₹231.00, SL2: ₹228.00, SL3: ₹225.20.

Additionally, we've identified a support level at 230.50 — think of this as a safety net where the price might stop falling and there's also a resistance level at 266.10, which is like a ceiling at which the price might have a hard time breaking through.

After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Panchmahal Steel, we created a specific page for that check here: Panchmahal Steel Share Price target for 2024 and 2025

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As we wrap up, we hope you like our study on Panchmahal Steel short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.

Show Methodology We Use

Methodology Behind the Prediction

The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.

We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.

For more insights into Panchmahal Steel Limited, explore these additional resources:-

Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.

About The Author

Nippun

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, and let’s learn from each other. My Twitter