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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 2024-10-08 View latest technical analysis

10 day averaged volume of Pennar Industries is 1486544

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	178.25	170.95	179.00	166.66	0.566 times
07 Mon Oct 2024	170.68	184.15	185.70	169.15	0.991 times
04 Fri Oct 2024	182.79	188.01	194.39	181.00	1.655 times
03 Thu Oct 2024	187.16	180.50	189.80	177.60	1.69 times
01 Tue Oct 2024	181.98	174.80	183.70	173.36	1.336 times
30 Mon Sep 2024	170.22	171.00	172.89	168.61	0.342 times
27 Fri Sep 2024	170.81	173.99	174.98	170.01	0.311 times
26 Thu Sep 2024	173.21	180.00	180.00	172.25	0.482 times
25 Wed Sep 2024	180.02	180.80	184.70	178.90	0.735 times
24 Tue Sep 2024	181.16	172.83	185.00	172.30	2.037 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 179.6 as stoploss in an intra day sell trade for a target of 173.84. However, stock will show a bullish move above 179.6.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	162.27
Downside Target	175.99
Upside Target	185.00
Upside Target	185.70
Upside Target	186.00
Upside Target	194.39
Upside Target	201.33
Upside Target	204.12

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	168.04
Downside Intraday Target	157.83
Upside Intraday Target	187.08
Upside Intraday Target	195.91
Downside Intraday Target	176.87

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	178.25	184.15	185.70	166.66	0.31 times
04 Fri Oct 2024	182.79	171.00	194.39	168.61	1.26 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

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
08 Tue Oct 2024	178.25	174.80	194.39	166.66	0.44 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 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 BUY signal for Pennar Industries in short term and the buy signal is strong.

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. Bears are getting stronger in this stock.

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

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 180.2 and Pennar Industries (PENIND) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.