(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 2024-04-15 View latest technical analysis
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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