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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 2024-07-31 View latest technical analysis

10 day averaged volume of Pennar Industries is 1235040

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	193.81	191.70	196.99	190.10	0.777 times
30 Tue Jul 2024	193.77	198.80	204.12	192.60	1.715 times
29 Mon Jul 2024	196.49	181.00	198.70	180.10	3.029 times
26 Fri Jul 2024	179.72	179.45	181.41	177.21	0.36 times
25 Thu Jul 2024	178.47	181.00	187.10	178.00	0.673 times
24 Wed Jul 2024	182.79	173.26	184.00	170.60	0.761 times
23 Tue Jul 2024	172.47	173.69	174.95	165.32	0.704 times
22 Mon Jul 2024	172.79	172.40	175.96	167.76	0.455 times
19 Fri Jul 2024	172.42	178.09	178.09	172.00	0.553 times
18 Thu Jul 2024	177.53	183.60	185.98	174.47	0.81 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 196.2, for a target of 186.4 or 178.24

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	164.00
Downside Target	172.00
Downside Target	180.10
Downside Target	187.10
Downside Target	188.30
Downside Target	191.70
Upside Target	204.12

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	181.23
Downside Intraday Target	168.66
Upside Intraday Target	205.25
Upside Intraday Target	216.7
Downside Intraday Target	192.68

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	193.81	181.00	204.12	180.10	1.871 times
26 Fri Jul 2024	179.72	172.40	187.10	165.32	0.724 times
19 Fri Jul 2024	172.42	183.00	188.30	172.00	1.131 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

Price has moved up 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
31 Wed Jul 2024	193.81	171.40	204.12	164.00	0.883 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 losing 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 SELL signal for Pennar Industries in short term but SELL signal is weak.

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 187.17 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 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.