Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-07-05 View latest technical analysis

10 day averaged volume of Pennar Industries is 1173527

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	168.37	170.20	172.44	167.55	0.705 times
04 Thu Jul 2024	170.60	172.59	174.90	170.15	0.679 times
03 Wed Jul 2024	171.93	179.80	180.62	171.00	1.347 times
02 Tue Jul 2024	179.21	178.00	191.70	177.00	3.55 times
01 Mon Jul 2024	173.87	171.40	176.14	170.21	0.703 times
28 Fri Jun 2024	168.39	164.10	170.00	164.10	0.493 times
27 Thu Jun 2024	163.86	171.00	172.52	162.00	0.743 times
26 Wed Jun 2024	170.19	170.00	173.88	167.69	0.592 times
25 Tue Jun 2024	170.15	172.06	175.25	169.16	0.388 times
24 Mon Jun 2024	172.06	174.51	179.22	171.18	0.772 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 168 as stoploss in an intra day buy trade for a target of 172.16. However, stock will show a bearish move below 168.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	106.40
Downside Target	113.90
Downside Target	120.10
Downside Target	122.60
Downside Target	138.95
Downside Target	144.50
Downside Target	152.00
Downside Target	162.00
Downside Target	165.35
Upside Target	172.00
Upside Target	179.22
Upside Target	184.00
Upside Target	186.00
Upside Target	191.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	160.05
Downside Intraday Target	151.72
Upside Intraday Target	184.2
Upside Intraday Target	200.02
Upside Intraday Target	175.87

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	168.37	171.40	191.70	167.55	2.337 times
28 Fri Jun 2024	168.39	174.51	179.22	162.00	0.865 times
21 Fri Jun 2024	174.63	173.34	184.00	165.35	0.391 times
14 Fri Jun 2024	173.34	174.30	186.00	166.30	0.744 times
07 Fri Jun 2024	169.30	151.00	172.00	120.10	4.103 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Industries (PENIND)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	168.37	171.40	191.70	167.55	0.257 times
28 Fri Jun 2024	168.39	151.00	186.00	120.10	1.773 times
31 Fri May 2024	143.95	137.30	152.00	122.60	1.17 times
30 Tue Apr 2024	137.00	134.45	144.50	113.90	0.917 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 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.

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

MACD generated a SELL signal for Pennar Industries in short term but the sell signal is initial and weak.

Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 173.38 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.