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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 2024-08-21 View latest technical analysis

10 day averaged volume of Pennar Industries is 906680

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	194.62	181.00	197.70	179.96	3.489 times
20 Tue Aug 2024	179.94	180.10	182.00	177.19	0.582 times
19 Mon Aug 2024	180.01	169.97	183.10	169.30	1.825 times
16 Fri Aug 2024	168.77	168.34	173.45	167.88	0.698 times
14 Wed Aug 2024	165.36	171.00	171.75	164.30	1.183 times
13 Tue Aug 2024	168.69	178.00	184.83	166.02	2.078 times
12 Mon Aug 2024	179.16	177.99	181.49	174.19	0.587 times
09 Fri Aug 2024	179.30	178.89	181.52	178.40	0.381 times
08 Thu Aug 2024	177.47	179.99	181.90	175.16	0.689 times
07 Wed Aug 2024	178.22	176.28	182.20	173.36	0.947 times

Stock of Pennar Industries (PENIND) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 189.8, but if it comes below 189.8, then a intra day sell could be more profitable.
If you take a sell trade below 189.8, then use 189.8 as stoploss and 180.91 as target. However if you take a buy trade in stock , then use 189.8 as stoploss and 200.5 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
Downside Target	169.30
Downside Target	180.10
Downside Target	186.00
Downside Target	187.10
Upside Target	197.70
Upside Target	200.75
Upside Target	204.12

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	176.71
Downside Intraday Target	158.81
Upside Intraday Target	205.11
Upside Intraday Target	215.61
Downside Intraday Target	187.21

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	194.62	169.97	197.70	169.30	1.297 times
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

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
21 Wed Aug 2024	194.62	194.20	200.75	164.30	0.559 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 red color and prices are in or above the red 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 and the buying is gaining 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 179.85 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.