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 2024-08-05 View latest technical analysis

10 day averaged volume of Pennar Industries is 1255729

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	173.56	177.00	180.00	170.13	1.125 times
02 Fri Aug 2024	186.06	189.00	193.28	182.28	0.747 times
01 Thu Aug 2024	190.05	194.20	200.75	188.24	0.918 times
31 Wed Jul 2024	193.81	191.70	196.99	190.10	0.764 times
30 Tue Jul 2024	193.77	198.80	204.12	192.60	1.687 times
29 Mon Jul 2024	196.49	181.00	198.70	180.10	2.979 times
26 Fri Jul 2024	179.72	179.45	181.41	177.21	0.354 times
25 Thu Jul 2024	178.47	181.00	187.10	178.00	0.662 times
24 Wed Jul 2024	182.79	173.26	184.00	170.60	0.748 times
23 Tue Jul 2024	172.47	173.69	174.95	165.32	0.692 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 172.2 as stoploss in an intra day buy trade for a target of 180.18. However, stock will show a bearish move below 172.2.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	113.90
Downside Target	120.10
Downside Target	122.60
Downside Target	144.50
Downside Target	152.00
Downside Target	164.00
Downside Target	170.13
Upside Target	180.00
Upside Target	186.00
Upside Target	187.10
Upside Target	188.30
Upside Target	200.75
Upside Target	204.12

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	169.13
Downside Intraday Target	164.69
Upside Intraday Target	179
Upside Intraday Target	184.43
Upside Intraday Target	174.56

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	173.56	177.00	180.00	170.13	0.159 times
02 Fri Aug 2024	186.06	181.00	204.12	180.10	2.444 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

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
05 Mon Aug 2024	173.56	194.20	200.75	170.13	0.125 times
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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Pennar Industries ( (PENIND) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but buying is losing 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 187.98 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 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.