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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 2024-05-23 View latest technical analysis

10 day averaged volume of Pennar Industries is 525383

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	143.65	137.55	144.65	131.80	7.586 times
22 Wed May 2024	133.65	135.70	137.70	132.55	0.958 times
21 Tue May 2024	135.20	135.05	136.95	132.95	0.984 times
18 Sat May 2024	135.85	136.10	137.40	135.10	0.175 times
17 Fri May 2024	135.75	134.60	138.75	133.00	1.988 times
16 Thu May 2024	134.60	131.10	139.00	131.10	2.737 times
15 Wed May 2024	131.85	132.30	133.30	131.05	0.299 times
14 Tue May 2024	131.30	129.15	133.45	129.15	0.59 times
13 Mon May 2024	128.70	126.40	131.10	122.60	1.136 times
10 Fri May 2024	126.35	124.60	127.55	122.75	0.469 times

Stock of Pennar Industries (PENIND) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 144.7, for a target of 138.8 or 133.9

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
Downside Target	135.80
Downside Target	138.95
Downside Target	142.60
Upside Target	144.50
Upside Target	144.65
Upside Target	156.80
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	135.42
Downside Intraday Target	127.18
Upside Intraday Target	148.27
Upside Intraday Target	152.88
Downside Intraday Target	140.03

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	143.65	135.05	144.65	131.80	1.376 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 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
23 Thu May 2024	143.65	137.30	144.65	122.60	0.757 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 up 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 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 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 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 Strong 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 stronger in this stock.

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 BUY signal in short term and the buying is gaining 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 138 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 positive

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