(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 2024-03-04 View latest technical analysis
10 day averaged volume of Pennar Industries is 684621
Date | Daily Closing Price | Open | High | Low | Volume |
04 Mon Mar 2024 | 136.75 | 138.00 | 138.80 | 134.60 | 0.55 times |
02 Sat Mar 2024 | 137.70 | 137.85 | 138.95 | 134.15 | 0.15 times |
01 Fri Mar 2024 | 137.05 | 135.20 | 138.75 | 134.95 | 0.778 times |
29 Thu Feb 2024 | 134.30 | 135.70 | 135.70 | 130.70 | 0.853 times |
28 Wed Feb 2024 | 135.30 | 140.10 | 141.40 | 134.10 | 0.888 times |
27 Tue Feb 2024 | 139.50 | 141.50 | 143.50 | 138.00 | 0.593 times |
26 Mon Feb 2024 | 141.60 | 141.50 | 143.60 | 138.00 | 1.161 times |
23 Fri Feb 2024 | 141.50 | 140.10 | 143.45 | 140.05 | 0.744 times |
22 Thu Feb 2024 | 139.00 | 138.50 | 140.25 | 134.35 | 1.05 times |
21 Wed Feb 2024 | 137.60 | 145.75 | 147.40 | 136.40 | 1.846 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 136.6 as stoploss in an intra day buy trade for a target of 143.06. However, stock will show a bearish move below 136.6.
Share price targets for Pennar Industries (PENIND)
Target Type | Value |
Downside Target | 100.85 |
Downside Target | 113.00 |
Downside Target | 123.70 |
Downside Target | 130.55 |
Upside Target | 138.95 |
Upside Target | 143.60 |
Upside Target | 146.00 |
Upside Target | 154.90 |
Upside Target | 156.55 |
Upside Target | 156.80 |
Upside Target | 163.40 |
Intraday share price targets for Pennar Industries (PENIND)
Target Type | Value |
Downside Intraday Target | 134.63 |
Downside Intraday Target | 132.52 |
Upside Intraday Target | 138.83 |
Upside Intraday Target | 140.92 |
Downside Intraday Target | 136.72 |
Weekly technical analysis of Pennar Industries (PENIND)
Date | Weekly Closing Price | Open | High | Low | Volume |
04 Mon Mar 2024 | 136.75 | 138.00 | 138.80 | 134.60 | 0.124 times |
02 Sat Mar 2024 | 137.70 | 141.50 | 143.60 | 130.70 | 0.675 times |
23 Fri Feb 2024 | 141.50 | 144.50 | 156.55 | 134.35 | 1.008 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 |
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 |
04 Mon Mar 2024 | 136.75 | 135.20 | 138.95 | 134.15 | 0.055 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 |
29 Fri Dec 2023 | 124.70 | 119.35 | 130.55 | 113.00 | 0.677 times |
Scroll below to view daily charts
Price has moved up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 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 gaining momentum.
MACD generated a SELL signal for Pennar Industries in short term and the sell signal is strong.
Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Pennar Industries is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 138.11 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 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 gaining momentum.
MACD generated a SELL signal for Pennar Industries in short term and the sell signal is strong.
Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Pennar Industries is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 138.11 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.
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Daily charts
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