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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 2024-09-11 View latest technical analysis

10 day averaged volume of Pennar Industries is 1185056

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	167.67	170.97	173.35	166.21	0.627 times
10 Tue Sep 2024	169.85	166.28	172.60	165.38	0.679 times
09 Mon Sep 2024	164.87	169.00	169.00	163.55	0.819 times
06 Fri Sep 2024	169.19	169.10	171.84	165.25	0.938 times
05 Thu Sep 2024	169.02	174.80	174.90	168.49	1.119 times
04 Wed Sep 2024	170.12	171.00	178.80	169.40	4.005 times
03 Tue Sep 2024	183.51	178.90	184.26	178.90	0.446 times
02 Mon Sep 2024	178.90	178.00	180.89	174.51	0.411 times
30 Fri Aug 2024	178.00	179.75	181.86	175.93	0.421 times
29 Thu Aug 2024	178.36	182.00	188.49	177.61	0.784 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 168.5, but if it comes above 168.5, then a intra day buy could be more profitable.
If you take a sell trade below 168.5, then use 168.5 as stoploss and 156.7 as target. However if you take a buy trade in stock , then use 168.5 as stoploss and 178.27 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	163.55
Upside Target	169.30
Upside Target	173.35
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	163.03
Downside Intraday Target	158.39
Upside Intraday Target	172.83
Upside Intraday Target	177.99
Upside Intraday Target	168.19

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	167.67	169.00	173.35	163.55	0.307 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 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
11 Wed Sep 2024	167.67	178.00	184.26	163.55	0.52 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Pennar Industries stock for short term is SELL. Signal strength is Weak 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 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 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 171.22 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.