(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 2024-05-14 View latest technical analysis
10 day averaged volume of Pennar Industries is 425213
Date | Daily Closing Price | Open | High | Low | Volume |
14 Tue May 2024 | 131.30 | 129.15 | 133.45 | 129.15 | 0.729 times |
13 Mon May 2024 | 128.70 | 126.40 | 131.10 | 122.60 | 1.403 times |
10 Fri May 2024 | 126.35 | 124.60 | 127.55 | 122.75 | 0.58 times |
09 Thu May 2024 | 124.10 | 129.40 | 130.05 | 122.60 | 0.819 times |
08 Wed May 2024 | 129.35 | 126.20 | 131.70 | 126.00 | 0.954 times |
07 Tue May 2024 | 127.45 | 132.55 | 133.60 | 126.10 | 1.671 times |
06 Mon May 2024 | 132.55 | 134.75 | 135.80 | 130.35 | 1.099 times |
03 Fri May 2024 | 134.65 | 136.70 | 137.95 | 132.90 | 0.876 times |
02 Thu May 2024 | 136.65 | 137.30 | 139.80 | 136.00 | 1.018 times |
30 Tue Apr 2024 | 137.00 | 139.90 | 140.80 | 136.15 | 0.702 times |
My analysis of stock is bearish for shortterm, and stock might move down till 126.6 or till 119.4. Use a stoploss of 132.54 and if the stock hits stoploss, then it can shoot up till 138.49
Share price targets for Pennar Industries (PENIND)
Target Type | Value |
Downside Target | 106.40 |
Downside Target | 113.90 |
Downside Target | 122.60 |
Downside 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 | 124.78 |
Downside Intraday Target | 118.27 |
Upside Intraday Target | 135.63 |
Upside Intraday Target | 139.97 |
Downside Intraday Target | 129.12 |
Weekly technical analysis of Pennar Industries (PENIND)
Date | Weekly Closing Price | Open | High | Low | Volume |
14 Tue May 2024 | 131.30 | 126.40 | 133.45 | 122.60 | 0.416 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 |
14 Tue May 2024 | 131.30 | 137.30 | 139.80 | 122.60 | 0.253 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 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 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 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 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 SELL signal for Pennar Industries in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 and BUY 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 130.59 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 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.
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 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 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 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 SELL signal for Pennar Industries in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 and BUY 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 130.59 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 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.
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Daily charts
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