Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-12 View latest technical analysis

10 day averaged volume of Pennar Industries is 1112406

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	182.99	192.00	192.90	181.51	0.645 times
11 Mon Nov 2024	192.49	193.50	197.00	189.24	0.622 times
08 Fri Nov 2024	193.75	203.39	203.39	192.40	0.808 times
07 Thu Nov 2024	203.68	207.71	209.61	201.30	0.744 times
06 Wed Nov 2024	205.60	198.15	210.00	197.14	2.12 times
05 Tue Nov 2024	198.13	199.00	203.89	196.25	0.817 times
04 Mon Nov 2024	198.62	195.67	203.90	191.00	1.414 times
01 Fri Nov 2024	196.68	198.80	199.20	189.17	0.335 times
31 Thu Oct 2024	194.60	186.99	197.00	186.61	1.482 times
30 Wed Oct 2024	185.36	180.81	187.45	179.80	0.69 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 185.2, but if it comes above 185.2, then a intra day buy could be more profitable.
If you take a sell trade below 185.2, then use 185.2 as stoploss and 175.7 as target. However if you take a buy trade in stock , then use 185.2 as stoploss and 193.2 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	176.00
Downside Target	180.99
Upside Target	191.00
Upside Target	197.00
Upside Target	201.33
Upside Target	204.12
Upside Target	210.00
Upside Target	210.35
Upside Target	215.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	177.33
Downside Intraday Target	171.68
Upside Intraday Target	192.82
Upside Intraday Target	202.66
Upside Intraday Target	187.17

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	182.99	193.50	197.00	181.51	0.215 times
08 Fri Nov 2024	193.75	195.67	210.00	191.00	1.36 times
01 Fri Nov 2024	196.68	184.96	199.20	176.00	0.327 times
25 Fri Oct 2024	185.29	209.80	215.00	180.99	1.09 times
18 Fri Oct 2024	207.39	180.00	210.35	176.62	3.812 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
12 Tue Nov 2024	182.99	198.80	210.00	181.51	0.193 times
31 Thu Oct 2024	194.60	174.80	215.00	166.66	2.051 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

Scroll below to view daily charts

Price has moved down 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Pennar Industries in short term but the sell signal is initial and weak.

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 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 and SELL signal is strong!

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 197.03 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 positive

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