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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 2024-05-15 View latest technical analysis

10 day averaged volume of Pennar Industries is 418879

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	131.85	132.30	133.30	131.05	0.376 times
14 Tue May 2024	131.30	129.15	133.45	129.15	0.74 times
13 Mon May 2024	128.70	126.40	131.10	122.60	1.425 times
10 Fri May 2024	126.35	124.60	127.55	122.75	0.589 times
09 Thu May 2024	124.10	129.40	130.05	122.60	0.832 times
08 Wed May 2024	129.35	126.20	131.70	126.00	0.968 times
07 Tue May 2024	127.45	132.55	133.60	126.10	1.696 times
06 Mon May 2024	132.55	134.75	135.80	130.35	1.116 times
03 Fri May 2024	134.65	136.70	137.95	132.90	0.889 times
02 Thu May 2024	136.65	137.30	139.80	136.00	1.034 times

My analysis of stock is bearish for shortterm, and stock might move down till 127.2 or till 120.4. Use a stoploss of 132.89 and if the stock hits stoploss, then it can shoot up till 138.58

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	125.15
Downside Intraday Target	118.45
Upside Intraday Target	136
Upside Intraday Target	140.15
Downside Intraday Target	129.3

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	131.85	126.40	133.45	122.60	0.488 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
15 Wed May 2024	131.85	137.30	139.80	122.60	0.263 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 130.17 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.