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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 2024-11-28 View latest technical analysis

10 day averaged volume of Pennar Industries is 1140866

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	203.41	200.51	209.80	200.49	1.476 times
27 Wed Nov 2024	200.56	196.50	203.94	195.05	0.619 times
26 Tue Nov 2024	196.09	194.55	201.30	194.55	0.525 times
25 Mon Nov 2024	195.58	203.59	204.80	194.11	0.578 times
22 Fri Nov 2024	202.16	199.30	203.80	192.00	1.372 times
21 Thu Nov 2024	197.30	187.00	199.00	180.85	1.941 times
19 Tue Nov 2024	181.80	185.00	187.80	179.41	0.475 times
18 Mon Nov 2024	182.61	179.95	184.53	173.00	0.596 times
14 Thu Nov 2024	177.23	175.38	179.50	172.11	0.965 times
13 Wed Nov 2024	173.29	180.20	180.20	167.70	2.299 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 202.2, but if it comes below 202.2, then a intra day sell could be more profitable.
If you take a sell trade below 202.2, then use 202.2 as stoploss and 193.1 as target. However if you take a buy trade in stock , then use 202.2 as stoploss and 213.1 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	173.00
Downside Target	185.00
Downside Target	191.00
Downside Target	199.20
Downside Target	201.33
Upside Target	203.80
Upside Target	204.12
Upside Target	209.80
Upside Target	210.00
Upside Target	215.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	195.08
Downside Intraday Target	186.75
Upside Intraday Target	210.77
Upside Intraday Target	218.13
Downside Intraday Target	202.44

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	203.41	203.59	209.80	194.11	0.73 times
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

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
28 Thu Nov 2024	203.41	198.80	210.00	167.70	0.479 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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 moving up

CCI has generated a buy signal for Pennar Industries in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 190.42 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.