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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 2024-09-25 View latest technical analysis

10 day averaged volume of Pennar Industries is 833252

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	180.02	180.80	184.70	178.90	1.311 times
24 Tue Sep 2024	181.16	172.83	185.00	172.30	3.634 times
23 Mon Sep 2024	172.58	170.69	174.56	170.50	0.75 times
20 Fri Sep 2024	169.65	167.00	170.94	167.00	0.552 times
19 Thu Sep 2024	166.42	170.48	172.99	162.27	0.941 times
18 Wed Sep 2024	169.23	169.50	172.51	167.21	0.727 times
17 Tue Sep 2024	169.51	175.30	175.30	168.93	0.504 times
16 Mon Sep 2024	174.07	173.84	175.99	172.50	0.579 times
13 Fri Sep 2024	172.38	170.00	173.05	169.23	0.742 times
12 Thu Sep 2024	169.23	168.51	171.29	166.94	0.678 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 177.9, but if it comes below 177.9, then a intra day sell could be more profitable.
If you take a sell trade below 177.9, then use 177.9 as stoploss and 172.69 as target. However if you take a buy trade in stock , then use 177.9 as stoploss and 184.3 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	162.27
Downside Target	170.50
Upside Target	184.26
Upside Target	185.00
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	172.01
Downside Intraday Target	164.01
Upside Intraday Target	186.51
Upside Intraday Target	193.01
Downside Intraday Target	178.51

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	180.02	170.69	185.00	170.50	1.724 times
20 Fri Sep 2024	169.65	173.84	175.99	162.27	0.743 times
13 Fri Sep 2024	172.38	169.00	173.35	163.55	0.451 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

Price has moved up 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
25 Wed Sep 2024	180.02	178.00	185.00	162.27	0.941 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 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 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 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 gaining momentum.

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

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 coming down

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 175.27 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.