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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 2024-11-22 View latest technical analysis

10 day averaged volume of Pennar Industries is 1265499

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	202.16	199.30	203.80	192.00	1.237 times
21 Thu Nov 2024	197.30	187.00	199.00	180.85	1.75 times
19 Tue Nov 2024	181.80	185.00	187.80	179.41	0.428 times
18 Mon Nov 2024	182.61	179.95	184.53	173.00	0.537 times
14 Thu Nov 2024	177.23	175.38	179.50	172.11	0.87 times
13 Wed Nov 2024	173.29	180.20	180.20	167.70	2.072 times
12 Tue Nov 2024	182.99	192.00	192.90	181.51	0.567 times
11 Mon Nov 2024	192.49	193.50	197.00	189.24	0.546 times
08 Fri Nov 2024	193.75	203.39	203.39	192.40	0.711 times
07 Thu Nov 2024	203.68	207.71	209.61	201.30	0.654 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 199.6, but if it comes below 199.6, then a intra day sell could be more profitable.
If you take a sell trade below 199.6, then use 199.6 as stoploss and 190.56 as target. However if you take a buy trade in stock , then use 199.6 as stoploss and 210.5 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	173.00
Downside Target	180.99
Downside Target	185.00
Downside Target	191.00
Downside Target	197.00
Downside Target	201.33
Upside Target	203.80
Upside Target	204.12
Upside Target	210.00
Upside Target	215.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	182.17
Downside Intraday Target	162.19
Upside Intraday Target	212.97
Upside Intraday Target	223.79
Downside Intraday Target	192.99

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	202.16	179.95	203.80	173.00	0.974 times
14 Thu Nov 2024	177.23	193.50	197.00	167.70	0.782 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

Price has moved up 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 Fri Nov 2024	202.16	198.80	210.00	167.70	0.395 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Pennar Industries ( (PENIND) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak 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 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 stronger in this stock.

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

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 188.25 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 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 positive

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