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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 2024-09-10 View latest technical analysis

10 day averaged volume of Pennar Industries is 1152207

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	169.85	166.28	172.60	165.38	0.699 times
09 Mon Sep 2024	164.87	169.00	169.00	163.55	0.842 times
06 Fri Sep 2024	169.19	169.10	171.84	165.25	0.965 times
05 Thu Sep 2024	169.02	174.80	174.90	168.49	1.151 times
04 Wed Sep 2024	170.12	171.00	178.80	169.40	4.12 times
03 Tue Sep 2024	183.51	178.90	184.26	178.90	0.459 times
02 Mon Sep 2024	178.90	178.00	180.89	174.51	0.423 times
30 Fri Aug 2024	178.00	179.75	181.86	175.93	0.433 times
29 Thu Aug 2024	178.36	182.00	188.49	177.61	0.807 times
28 Wed Aug 2024	182.59	186.39	188.09	182.00	0.387 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 168.6 as stoploss in an intra day buy trade for a target of 178.32. However, stock will show a bearish move below 168.6.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	122.60
Downside Target	152.00
Downside Target	163.55
Downside Target	169.30
Upside Target	184.26
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	164.73
Downside Intraday Target	159.62
Upside Intraday Target	173.78
Upside Intraday Target	177.72
Downside Intraday Target	168.67

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	169.85	169.00	172.60	163.55	0.216 times
06 Fri Sep 2024	169.19	178.00	184.26	165.25	2.715 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

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
10 Tue Sep 2024	169.85	178.00	184.26	163.55	0.484 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 and the sell signal is strong.

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 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 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 171.87 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.