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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 2024-10-22 View latest technical analysis

10 day averaged volume of Pennar Industries is 2044995

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	187.43	204.00	205.09	186.02	1.151 times
21 Mon Oct 2024	203.14	209.80	215.00	197.15	2.363 times
18 Fri Oct 2024	207.39	184.00	210.35	181.60	4.778 times
17 Thu Oct 2024	185.87	185.80	189.00	180.35	0.646 times
16 Wed Oct 2024	184.87	182.96	186.10	182.07	0.263 times
15 Tue Oct 2024	183.75	181.99	184.94	176.62	0.353 times
14 Mon Oct 2024	181.07	180.00	187.85	180.00	0.581 times
11 Fri Oct 2024	177.80	178.50	179.57	171.37	0.177 times
10 Thu Oct 2024	179.58	176.90	179.80	175.77	0.212 times
09 Wed Oct 2024	175.86	177.91	180.69	174.02	0.215 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 191.4 as stoploss in an intra day sell trade for a target of 182.15. However, stock will show a bullish move above 191.4.

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	186.02
Upside Target	194.39
Upside 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	177.3
Downside Intraday Target	167.17
Upside Intraday Target	206.28
Upside Intraday Target	225.13
Upside Intraday Target	196.15

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	187.43	209.80	215.00	186.02	0.531 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
22 Tue Oct 2024	187.43	174.80	215.00	166.66	1.481 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 losing momentum.

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

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 tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Pennar Industries in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 198.6 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 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.