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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 2024-04-30 View latest technical analysis

10 day averaged volume of Pennar Industries is 962155

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	137.00	139.90	140.80	136.15	0.31 times
29 Mon Apr 2024	139.05	142.00	142.60	138.10	0.388 times
26 Fri Apr 2024	139.00	142.95	142.95	138.30	0.386 times
25 Thu Apr 2024	141.20	139.70	144.00	138.95	0.628 times
24 Wed Apr 2024	140.70	139.95	144.20	139.95	0.889 times
23 Tue Apr 2024	139.60	140.30	142.40	136.90	1.131 times
22 Mon Apr 2024	139.20	131.95	144.50	130.25	3.193 times
19 Fri Apr 2024	128.90	122.40	130.00	120.60	1.335 times
18 Thu Apr 2024	124.30	127.75	129.60	123.80	0.476 times
16 Tue Apr 2024	125.85	123.55	127.35	122.05	0.783 times

My analysis of stock is bullish for shortterm, and stock might move up till 139.7 or till 145.9. Use a stoploss of 134.54 and if this stock hits its stoploss, then it can fall down till 129.38

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	106.40
Downside Target	113.00
Downside Target	123.70
Downside Target	130.00
Downside Target	136.15
Upside Target	138.95
Upside Target	139.40
Upside Target	140.45
Upside Target	142.60
Upside Target	144.50
Upside Target	156.80
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	134.57
Downside Intraday Target	132.13
Upside Intraday Target	141.02
Upside Intraday Target	145.03
Upside Intraday Target	138.58

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	137.00	142.00	142.60	136.15	0.112 times
26 Fri Apr 2024	139.00	131.95	144.50	130.25	1.839 times
19 Fri Apr 2024	128.90	125.90	130.00	113.90	2.13 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

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
30 Tue Apr 2024	137.00	134.45	144.50	113.90	0.917 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 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 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 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 to mid 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.

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Pennar Industries in short term and the buy signal is strong.

Pennar Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Pennar Industries in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 136.15 and Pennar Industries (PENIND) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.