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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 2025-02-20 View latest technical analysis

10 day averaged volume of Pennar Industries is 1132267

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Feb 2025	168.71	162.91	170.00	162.00	0.582 times
19 Wed Feb 2025	165.09	155.25	166.82	155.25	0.775 times
18 Tue Feb 2025	157.58	163.50	166.65	152.96	1.27 times
17 Mon Feb 2025	168.05	142.80	169.50	141.57	4.479 times
14 Fri Feb 2025	144.06	151.06	151.30	140.45	0.588 times
13 Thu Feb 2025	151.06	149.05	154.43	149.05	0.333 times
12 Wed Feb 2025	149.17	146.00	154.90	135.65	1.102 times
11 Tue Feb 2025	147.17	158.47	158.55	145.99	0.469 times
10 Mon Feb 2025	156.51	160.00	160.00	153.87	0.223 times
07 Fri Feb 2025	160.87	167.32	167.39	160.00	0.368 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 165.9, but if it comes below 165.9, then a intra day sell could be more profitable.
If you take a sell trade below 165.9, then use 165.9 as stoploss and 158.89 as target. However if you take a buy trade in stock , then use 165.9 as stoploss and 174.4 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	141.57
Downside Target	150.76
Downside Target	160.00
Downside Target	165.65
Upside Target	170.00
Upside Target	180.80
Upside Target	187.12
Upside Target	205.20
Upside Target	213.65
Upside Target	215.00
Upside Target	227.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	150.19
Downside Intraday Target	131.66
Upside Intraday Target	178.62
Upside Intraday Target	188.52
Downside Intraday Target	160.09

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Feb 2025	168.71	142.80	170.00	141.57	2.616 times
14 Fri Feb 2025	144.06	160.00	160.00	135.65	1.506 times
07 Fri Feb 2025	160.87	158.02	168.93	151.58	0.75 times
31 Fri Jan 2025	164.59	164.00	166.49	150.76	1.384 times
24 Fri Jan 2025	167.45	179.00	180.80	165.65	0.794 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Industries (PENIND)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Thu Feb 2025	168.71	158.02	170.00	135.65	1.094 times
31 Fri Jan 2025	164.59	196.60	205.20	150.76	0.545 times
31 Tue Dec 2024	193.49	209.00	227.70	187.12	0.966 times
29 Fri Nov 2024	208.67	198.80	213.65	167.70	0.528 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Pennar Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

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 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 SELL signal in short term and selling is picking up 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 161.1 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 negative.

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