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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 2024-09-05 View latest technical analysis

10 day averaged volume of Pennar Industries is 1064846

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	169.02	174.80	174.90	168.49	1.246 times
04 Wed Sep 2024	170.12	171.00	178.80	169.40	4.458 times
03 Tue Sep 2024	183.51	178.90	184.26	178.90	0.497 times
02 Mon Sep 2024	178.90	178.00	180.89	174.51	0.457 times
30 Fri Aug 2024	178.00	179.75	181.86	175.93	0.468 times
29 Thu Aug 2024	178.36	182.00	188.49	177.61	0.873 times
28 Wed Aug 2024	182.59	186.39	188.09	182.00	0.419 times
27 Tue Aug 2024	186.62	187.89	190.50	186.00	0.447 times
26 Mon Aug 2024	188.13	193.00	193.80	186.97	0.628 times
23 Fri Aug 2024	191.85	195.51	196.25	191.00	0.58 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 171.2, but if it comes above 171.2, then a intra day buy could be more profitable.
If you take a sell trade below 171.2, then use 171.2 as stoploss and 160.8 as target. However if you take a buy trade in stock , then use 171.2 as stoploss and 179.92 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	122.60
Downside Target	152.00
Downside Target	164.00
Downside Target	168.49
Upside Target	175.93
Upside Target	182.20
Upside Target	184.83
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	163.59
Downside Intraday Target	158.15
Upside Intraday Target	179.36
Upside Intraday Target	189.69
Upside Intraday Target	173.92

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	169.02	178.00	184.26	168.49	2.347 times
30 Fri Aug 2024	178.00	193.00	193.80	175.93	0.419 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Industries (PENIND)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	169.02	178.00	184.26	168.49	0.344 times
30 Fri Aug 2024	178.00	194.20	201.33	164.30	0.733 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

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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Pennar Industries stock for short term is SELL. Signal strength is Strong 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 getting stronger in this stock.

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 175.75 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.