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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 2024-08-28 View latest technical analysis

10 day averaged volume of Pennar Industries is 1194670

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	182.59	186.39	188.09	182.00	0.374 times
27 Tue Aug 2024	186.62	187.89	190.50	186.00	0.399 times
26 Mon Aug 2024	188.13	193.00	193.80	186.97	0.56 times
23 Fri Aug 2024	191.85	195.51	196.25	191.00	0.517 times
22 Thu Aug 2024	197.99	195.80	201.33	192.60	1.045 times
21 Wed Aug 2024	194.62	181.00	197.70	179.96	2.648 times
20 Tue Aug 2024	179.94	180.10	182.00	177.19	0.442 times
19 Mon Aug 2024	180.01	169.97	183.10	169.30	1.385 times
16 Fri Aug 2024	168.77	168.34	173.45	167.88	0.53 times
14 Wed Aug 2024	165.36	171.00	171.75	164.30	0.898 times

My analysis of stock is bullish for shortterm, and stock might move up till 190.8 or till 201.7. Use a stoploss of 181.7 and if this stock hits its stoploss, then it can fall down till 172.61

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
Upside Target	186.00
Upside Target	193.80
Upside Target	201.33
Upside Target	204.12

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	178.46
Downside Intraday Target	174.33
Upside Intraday Target	190.26
Upside Intraday Target	197.93
Upside Intraday Target	186.13

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	182.59	193.00	193.80	182.00	0.221 times
23 Fri Aug 2024	191.85	169.97	201.33	169.30	1.749 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

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
28 Wed Aug 2024	182.59	194.20	201.33	164.30	0.682 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Pennar Industries in short term and the buy signal is strong.

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. Bulls are getting tired and bears are picking up momentum.

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 but SELL 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

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 185.99 and Pennar Industries (PENIND) stock is trading below this level. This means that stock is falling with high volumes. 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.