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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 2024-08-12 View latest technical analysis

10 day averaged volume of Pennar Industries is 1308678

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	179.16	177.99	181.49	174.19	0.407 times
09 Fri Aug 2024	179.30	178.89	181.52	178.40	0.264 times
08 Thu Aug 2024	177.47	179.99	181.90	175.16	0.477 times
07 Wed Aug 2024	178.22	176.28	182.20	173.36	0.656 times
06 Tue Aug 2024	171.84	173.56	182.00	170.00	0.714 times
05 Mon Aug 2024	173.56	177.00	180.00	170.13	1.08 times
02 Fri Aug 2024	186.06	189.00	193.28	182.28	0.717 times
01 Thu Aug 2024	190.05	194.20	200.75	188.24	0.881 times
31 Wed Jul 2024	193.81	191.70	196.99	190.10	0.733 times
30 Tue Jul 2024	193.77	198.80	204.12	192.60	1.619 times

My analysis of stock is bearish for shortterm, and stock might move down till 173.7 or till 164.9. Use a stoploss of 181.09 and if the stock hits stoploss, then it can shoot up till 188.46

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	170.00
Upside Target	180.10
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	175.07
Downside Intraday Target	170.98
Upside Intraday Target	182.37
Upside Intraday Target	185.58
Downside Intraday Target	178.28

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	179.16	177.99	181.49	174.19	0.127 times
09 Fri Aug 2024	179.30	177.00	182.20	170.00	0.469 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

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
12 Mon Aug 2024	179.16	194.20	200.75	170.00	0.242 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 neutral. A longer time frame might give a better analysis.

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 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 SELL. Signal strength is Weak and stock is gaining 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 183.97 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.