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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 2025-02-24 View latest technical analysis

10 day averaged volume of Pennar Industries is 1191997

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Feb 2025	168.65	171.00	171.65	167.41	0.276 times
21 Fri Feb 2025	173.65	168.15	174.99	164.80	0.671 times
20 Thu Feb 2025	168.71	162.91	170.00	162.00	0.553 times
19 Wed Feb 2025	165.09	155.25	166.82	155.25	0.736 times
18 Tue Feb 2025	157.58	163.50	166.65	152.96	1.206 times
17 Mon Feb 2025	168.05	142.80	169.50	141.57	4.255 times
14 Fri Feb 2025	144.06	151.06	151.30	140.45	0.559 times
13 Thu Feb 2025	151.06	149.05	154.43	149.05	0.316 times
12 Wed Feb 2025	149.17	146.00	154.90	135.65	1.047 times
11 Tue Feb 2025	147.17	158.47	158.55	145.99	0.446 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 167.5, but if it comes below 167.5, then a intra day sell could be more profitable.
If you take a sell trade below 167.5, then use 167.5 as stoploss and 159.7 as target. However if you take a buy trade in stock , then use 167.5 as stoploss and 176.8 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	166.49
Upside Target	174.99
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	166.82
Downside Intraday Target	165
Upside Intraday Target	171.06
Upside Intraday Target	173.48
Upside Intraday Target	169.24

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Feb 2025	168.65	171.00	171.65	167.41	0.037 times
21 Fri Feb 2025	173.65	142.80	174.99	141.57	2.877 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

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
24 Mon Feb 2025	168.65	158.02	174.99	135.65	1.187 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term but selling 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 162.25 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 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.