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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 2024-05-22 View latest technical analysis

10 day averaged volume of Pennar Industries is 515601

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	133.65	135.70	137.70	132.55	0.976 times
21 Tue May 2024	135.20	135.05	136.95	132.95	1.003 times
18 Sat May 2024	135.85	136.10	137.40	135.10	0.178 times
17 Fri May 2024	135.75	134.60	138.75	133.00	2.026 times
16 Thu May 2024	134.60	131.10	139.00	131.10	2.789 times
15 Wed May 2024	131.85	132.30	133.30	131.05	0.305 times
14 Tue May 2024	131.30	129.15	133.45	129.15	0.601 times
13 Mon May 2024	128.70	126.40	131.10	122.60	1.157 times
10 Fri May 2024	126.35	124.60	127.55	122.75	0.478 times
09 Thu May 2024	124.10	129.40	130.05	122.60	0.676 times

My analysis of stock is bearish for shortterm, and stock might move down till 129.1 or till 123.5. Use a stoploss of 133.75 and if the stock hits stoploss, then it can shoot up till 138.41

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	106.40
Downside Target	113.90
Downside Target	122.60
Downside Target	130.25
Upside Target	135.80
Upside Target	139.00
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	131.57
Downside Intraday Target	129.48
Upside Intraday Target	136.72
Upside Intraday Target	139.78
Upside Intraday Target	134.63

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	133.65	135.05	137.70	132.55	0.28 times
18 Sat May 2024	135.85	126.40	139.00	122.60	1.67 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

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
22 Wed May 2024	133.65	137.30	139.80	122.60	0.498 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 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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Pennar Industries stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 in or below 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

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 132.79 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 negative.

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