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(PENIND) Pennar Industries complete technical analysis [charts+indicators] | Buy/Sell Pennar Industries | (PENIND) share price targets

Complete technical analysis of Pennar Industries (PENIND) by charts plus indicators, forecast predictions and share price targets for Pennar Industries (PENIND)

Pennar Industries trades in NSE in Iron & Steel sector.

10 day averaged volume of Pennar Industries is 629525

Date Daily Closing Price Open High Low Volume
15 Mon Apr 2024 124.85 125.90 128.75 113.90 1.21 times
12 Fri Apr 2024 130.90 132.50 134.00 130.45 0.523 times
10 Wed Apr 2024 132.80 133.50 134.65 132.35 0.554 times
09 Tue Apr 2024 133.15 134.70 137.95 132.40 0.713 times
08 Mon Apr 2024 134.70 138.25 139.40 134.05 0.64 times
05 Fri Apr 2024 138.05 137.00 139.55 134.55 0.922 times
04 Thu Apr 2024 137.15 137.80 140.45 136.40 0.926 times
03 Wed Apr 2024 137.75 132.95 139.45 132.85 2.011 times
02 Tue Apr 2024 132.80 134.55 136.80 131.55 1.324 times
01 Mon Apr 2024 133.75 134.45 137.50 132.90 1.03 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 123.6 as stoploss in an intra day buy trade for a target of 129.31. However, stock will show a bearish move below 123.6.

Share price targets for Pennar Industries (PENIND)

Target Type Value
Downside Target 106.40
Downside Target 113.00
Downside Target 117.80
Downside Target 123.70
Upside Target 128.50
Upside Target 135.40
Upside Target 138.95
Upside Target 139.40
Upside Target 140.45
Upside Target 156.80
Upside Target 163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type Value
Downside Intraday Target 116.25
Downside Intraday Target 107.65
Upside Intraday Target 131.1
Upside Intraday Target 137.35
Downside Intraday Target 122.5

Weekly technical analysis of Pennar Industries (PENIND)

Date Weekly Closing Price Open High Low Volume
15 Mon Apr 2024 124.85 125.90 128.75 113.90 0.498 times
12 Fri Apr 2024 130.90 138.25 139.40 130.45 0.391 times
05 Fri Apr 2024 138.05 134.45 140.45 131.55 1.266 times
28 Thu Mar 2024 132.70 125.80 135.40 124.10 0.766 times
22 Fri Mar 2024 124.05 123.80 128.50 117.80 0.6 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 Industries (PENIND)

Date Monthly Closing Price Open High Low Volume
15 Mon Apr 2024 124.85 134.45 140.45 113.90 0.37 times
28 Thu Mar 2024 132.70 135.20 138.95 106.40 0.903 times
29 Thu Feb 2024 134.30 154.00 163.40 130.70 0.491 times
31 Wed Jan 2024 153.30 125.35 156.80 123.70 1.289 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 Industries (PENIND)

Price action analysis of Pennar Industries ( (PENIND) ) 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 Industries ( (PENIND) ) 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 Industries ( (PENIND) ) based on a short to mid 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 Industries ( (PENIND) ) 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 Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Pennar Industries in short term and the sell signal is strong.

Pennar Industries 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 Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 133.88 and Pennar Industries (PENIND) 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 Industries (PENIND) stock. Volume based technical analysis of Pennar Industries (PENIND) stock is negative.

Pennar Industries 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 Industries ( (PENIND) ) 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 Industries ( (PENIND) ) 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 Industries ( (PENIND) ) based on a short to mid 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 Industries ( (PENIND) ) 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 Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Pennar Industries in short term and the sell signal is strong.

Pennar Industries 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 Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 133.88 and Pennar Industries (PENIND) 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 Industries (PENIND) stock. Volume based technical analysis of Pennar Industries (PENIND) stock is negative.

Pennar Industries 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.

Click here for Pennar Industries charts

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Daily charts

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