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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 2024-05-10 View latest technical analysis

10 day averaged volume of Pennar Industries is 438454

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	126.35	124.60	127.55	122.75	0.562 times
09 Thu May 2024	124.10	129.40	130.05	122.60	0.795 times
08 Wed May 2024	129.35	126.20	131.70	126.00	0.925 times
07 Tue May 2024	127.45	132.55	133.60	126.10	1.62 times
06 Mon May 2024	132.55	134.75	135.80	130.35	1.066 times
03 Fri May 2024	134.65	136.70	137.95	132.90	0.849 times
02 Thu May 2024	136.65	137.30	139.80	136.00	0.988 times
30 Tue Apr 2024	137.00	139.90	140.80	136.15	0.681 times
29 Mon Apr 2024	139.05	142.00	142.60	138.10	0.851 times
26 Fri Apr 2024	139.00	142.95	142.95	138.30	0.847 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 126.8, but if it comes above 126.8, then a intra day buy could be more profitable.
If you take a sell trade below 126.8, then use 126.8 as stoploss and 119.8 as target. However if you take a buy trade in stock , then use 126.8 as stoploss and 132.72 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	106.40
Downside Target	113.90
Downside Target	122.60
Upside Target	130.00
Upside Target	135.80
Upside Target	138.95
Upside Target	139.40
Upside Target	139.80
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	120.7
Downside Intraday Target	115.05
Upside Intraday Target	133.9
Upside Intraday Target	141.45
Upside Intraday Target	128.25

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	126.35	134.75	135.80	122.60	1.474 times
03 Fri May 2024	134.65	142.00	142.60	132.90	0.247 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

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
10 Fri May 2024	126.35	137.30	139.80	122.60	0.194 times
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

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 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 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 green color and prices are in or below the green cloud Prices appear to be moving up

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 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 132.38 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.