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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.

Showing technical analysis as on 2024-02-19 View latest technical analysis

10 day averaged volume of Pennar Industries is 1015549

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	142.75	144.50	148.80	142.00	0.656 times
16 Fri Feb 2024	143.85	147.25	149.00	142.00	0.679 times
15 Thu Feb 2024	146.20	152.00	154.90	145.55	0.87 times
14 Wed Feb 2024	151.00	147.00	152.40	145.35	0.521 times
13 Tue Feb 2024	148.65	143.00	149.70	136.85	1.073 times
12 Mon Feb 2024	142.15	149.30	151.70	140.50	1.236 times
09 Fri Feb 2024	147.10	158.90	158.90	146.00	1.405 times
08 Thu Feb 2024	158.50	157.40	160.50	155.80	1.037 times
07 Wed Feb 2024	156.00	158.55	159.80	154.80	1.016 times
06 Tue Feb 2024	157.35	155.40	163.40	151.90	1.352 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 142.9, but if it comes above 142.9, then a intra day buy could be more profitable.
If you take a sell trade below 142.9, then use 142.9 as stoploss and 136.3 as target. However if you take a buy trade in stock , then use 142.9 as stoploss and 148.44 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	94.10
Downside Target	100.85
Downside Target	113.00
Downside Target	123.70
Downside Target	130.55
Downside Target	136.85
Downside Target	142.00
Upside Target	146.00
Upside Target	149.80
Upside Target	154.90
Upside Target	156.80
Upside Target	157.00
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	140.23
Downside Intraday Target	137.72
Upside Intraday Target	147.03
Upside Intraday Target	151.32
Upside Intraday Target	144.52

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	142.75	144.50	148.80	142.00	0.15 times
16 Fri Feb 2024	143.85	149.30	154.90	136.85	0.779 times
09 Fri Feb 2024	147.10	152.95	163.40	146.00	0.989 times
02 Fri Feb 2024	152.30	147.40	157.00	143.10	0.981 times
25 Thu Jan 2024	146.35	140.25	149.80	138.75	0.485 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
19 Mon Feb 2024	142.75	154.00	163.40	136.85	0.326 times
31 Wed Jan 2024	153.30	125.35	156.80	123.70	1.289 times
29 Fri Dec 2023	124.70	119.35	130.55	113.00	0.677 times
30 Thu Nov 2023	118.65	101.85	131.90	100.85	1.336 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 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 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 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 Industries ( (PENIND) ) 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 Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 149.79 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.