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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 2024-07-16 View latest technical analysis

10 day averaged volume of Pennar Industries is 1400673

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	183.57	182.50	188.30	182.33	0.83 times
15 Mon Jul 2024	182.32	183.00	188.00	180.60	1.562 times
12 Fri Jul 2024	177.69	175.90	182.40	174.80	0.787 times
11 Thu Jul 2024	176.33	170.00	178.51	169.14	0.868 times
10 Wed Jul 2024	169.97	172.00	173.50	164.00	0.513 times
09 Tue Jul 2024	170.72	173.70	175.25	170.00	0.353 times
08 Mon Jul 2024	173.12	171.75	175.84	171.74	0.655 times
05 Fri Jul 2024	168.37	170.20	172.44	167.55	0.59 times
04 Thu Jul 2024	170.60	172.59	174.90	170.15	0.569 times
03 Wed Jul 2024	171.93	179.80	180.62	171.00	1.129 times

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 184.6, for a target of 178.5 or 173.36

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	179.22
Upside Target	184.00
Upside Target	186.00
Upside Target	188.30
Upside Target	191.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	180.01
Downside Intraday Target	176.46
Upside Intraday Target	187.71
Upside Intraday Target	191.86
Upside Intraday Target	184.16

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	183.57	183.00	188.30	180.60	0.753 times
12 Fri Jul 2024	177.69	171.75	182.40	164.00	0.543 times
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

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
16 Tue Jul 2024	183.57	171.40	191.70	164.00	0.502 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 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 175.84 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 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.