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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 2024-05-13 View latest technical analysis

10 day averaged volume of Pennar Industries is 402675

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon May 2024	128.70	126.40	131.10	122.60	1.482 times
10 Fri May 2024	126.35	124.60	127.55	122.75	0.612 times
09 Thu May 2024	124.10	129.40	130.05	122.60	0.865 times
08 Wed May 2024	129.35	126.20	131.70	126.00	1.007 times
07 Tue May 2024	127.45	132.55	133.60	126.10	1.764 times
06 Mon May 2024	132.55	134.75	135.80	130.35	1.161 times
03 Fri May 2024	134.65	136.70	137.95	132.90	0.925 times
02 Thu May 2024	136.65	137.30	139.80	136.00	1.075 times
30 Tue Apr 2024	137.00	139.90	140.80	136.15	0.741 times
29 Mon Apr 2024	139.05	142.00	142.60	138.10	0.927 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 126.6 as stoploss in an intra day buy trade for a target of 132.52. However, stock will show a bearish move below 126.6.

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	139.80
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	123.83
Downside Intraday Target	118.97
Upside Intraday Target	132.33
Upside Intraday Target	135.97
Downside Intraday Target	127.47

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon May 2024	128.70	126.40	131.10	122.60	0.274 times
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

Price has moved up 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
13 Mon May 2024	128.70	137.30	139.80	122.60	0.233 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 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 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 losing 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 above the green cloud Prices appear to be moving up

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

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

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 131.29 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.