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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 2024-10-01 View latest technical analysis

10 day averaged volume of Pennar Industries is 870363

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	181.98	174.80	183.70	173.36	2.282 times
30 Mon Sep 2024	170.22	171.00	172.89	168.61	0.585 times
27 Fri Sep 2024	170.81	173.99	174.98	170.01	0.531 times
26 Thu Sep 2024	173.21	180.00	180.00	172.25	0.823 times
25 Wed Sep 2024	180.02	180.80	184.70	178.90	1.255 times
24 Tue Sep 2024	181.16	172.83	185.00	172.30	3.479 times
23 Mon Sep 2024	172.58	170.69	174.56	170.50	0.718 times
20 Fri Sep 2024	169.65	167.00	170.94	167.00	0.529 times
19 Thu Sep 2024	166.42	170.48	172.99	162.27	0.901 times
18 Wed Sep 2024	169.23	169.50	172.51	167.21	0.696 times

Stock of Pennar Industries (PENIND) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 181.5, for a target of 176.1 or 171.56

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	162.27
Downside Target	168.61
Upside Target	183.70
Upside Target	184.26
Upside Target	185.00
Upside Target	186.00
Upside Target	201.33
Upside Target	204.12

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	172.49
Downside Intraday Target	163.01
Upside Intraday Target	187.58
Upside Intraday Target	193.19
Downside Intraday Target	178.1

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	181.98	171.00	183.70	168.61	0.421 times
27 Fri Sep 2024	170.81	170.69	185.00	170.01	2.153 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

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
01 Tue Oct 2024	181.98	174.80	183.70	173.36	0.094 times
30 Mon Sep 2024	170.22	178.00	185.00	162.27	1.023 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

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 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 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 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 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 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 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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 positive zone. This is a BUY 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 176.77 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.