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 2024-08-16 View latest technical analysis

10 day averaged volume of Pennar Industries is 975645

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	168.77	168.34	173.45	167.88	0.649 times
14 Wed Aug 2024	165.36	171.00	171.75	164.30	1.099 times
13 Tue Aug 2024	168.69	178.00	184.83	166.02	1.931 times
12 Mon Aug 2024	179.16	177.99	181.49	174.19	0.546 times
09 Fri Aug 2024	179.30	178.89	181.52	178.40	0.354 times
08 Thu Aug 2024	177.47	179.99	181.90	175.16	0.64 times
07 Wed Aug 2024	178.22	176.28	182.20	173.36	0.88 times
06 Tue Aug 2024	171.84	173.56	182.00	170.00	0.957 times
05 Mon Aug 2024	173.56	177.00	180.00	170.13	1.448 times
02 Fri Aug 2024	186.06	189.00	193.28	182.28	0.962 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 170.3, but if it comes above 170.3, then a intra day buy could be more profitable.
If you take a sell trade below 170.3, then use 170.3 as stoploss and 159.8 as target. However if you take a buy trade in stock , then use 170.3 as stoploss and 179.06 as target.

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
Upside 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	160.44
Downside Intraday Target	152.1
Upside Intraday Target	180.97
Upside Intraday Target	193.16
Upside Intraday Target	172.63

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	168.77	177.99	184.83	164.30	0.987 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
16 Fri Aug 2024	168.77	194.20	200.75	164.30	0.369 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 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 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 SELL. Signal strength is Strong 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Pennar Industries in short term but BUY signal is weak.

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 173.62 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.