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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 2024-10-09 View latest technical analysis

10 day averaged volume of Pennar Industries is 1508216

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	175.86	177.91	180.69	174.02	0.292 times
08 Tue Oct 2024	178.25	170.95	179.00	166.66	0.558 times
07 Mon Oct 2024	170.68	184.15	185.70	169.15	0.977 times
04 Fri Oct 2024	182.79	188.01	194.39	181.00	1.631 times
03 Thu Oct 2024	187.16	180.50	189.80	177.60	1.665 times
01 Tue Oct 2024	181.98	174.80	183.70	173.36	1.317 times
30 Mon Sep 2024	170.22	171.00	172.89	168.61	0.337 times
27 Fri Sep 2024	170.81	173.99	174.98	170.01	0.306 times
26 Thu Sep 2024	173.21	180.00	180.00	172.25	0.475 times
25 Wed Sep 2024	180.02	180.80	184.70	178.90	0.724 times

My analysis of stock is bullish for shortterm, and stock might move up till 179.8 or till 186.6. Use a stoploss of 174.14 and if this stock hits its stoploss, then it can fall down till 168.46

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	162.27
Upside 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	166.45
Downside Intraday Target	157.03
Upside Intraday Target	185.49
Upside Intraday Target	195.11
Upside Intraday Target	176.07

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	175.86	184.15	185.70	166.66	0.369 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
09 Wed Oct 2024	175.86	174.80	194.39	166.66	0.461 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 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 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.

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 neutral. A longer time frame might give a better analysis.

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 and the buy signal is strong.

Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 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 179.82 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.