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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 2024-10-21 View latest technical analysis

10 day averaged volume of Pennar Industries is 1709155

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	203.14	209.80	215.00	197.15	2.827 times
18 Fri Oct 2024	207.39	184.00	210.35	181.60	5.717 times
17 Thu Oct 2024	185.87	185.80	189.00	180.35	0.773 times
16 Wed Oct 2024	184.87	182.96	186.10	182.07	0.315 times
15 Tue Oct 2024	183.75	181.99	184.94	176.62	0.422 times
14 Mon Oct 2024	181.07	180.00	187.85	180.00	0.695 times
11 Fri Oct 2024	177.80	178.50	179.57	171.37	0.212 times
10 Thu Oct 2024	179.58	176.90	179.80	175.77	0.254 times
09 Wed Oct 2024	175.86	177.91	180.69	174.02	0.257 times
08 Tue Oct 2024	178.25	170.95	179.00	166.66	0.492 times

Stock of Pennar Industries (PENIND) has showed a significant fall. This could be a good time to exit from 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 202.1, for a target of 190.8 or 181.41

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	162.27
Downside Target	176.62
Downside Target	185.00
Downside Target	186.00
Downside Target	194.39
Downside Target	197.15
Downside Target	201.33
Upside Target	204.12
Upside Target	210.35
Upside Target	215.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	195.19
Downside Intraday Target	187.25
Upside Intraday Target	213.04
Upside Intraday Target	222.95
Upside Intraday Target	205.1

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	203.14	209.80	215.00	197.15	0.357 times
18 Fri Oct 2024	207.39	180.00	210.35	176.62	3.812 times
11 Fri Oct 2024	177.80	184.15	185.70	166.66	0.476 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

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
21 Mon Oct 2024	203.14	174.80	215.00	166.66	1.37 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 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 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 Strong and stock is gaining 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 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 green color and prices are above the green 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 but buying is losing 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 199.05 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.