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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 2025-02-28 View latest technical analysis

10 day averaged volume of Pennar Industries is 1150893

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Feb 2025	156.75	164.52	165.00	155.01	0.688 times
27 Thu Feb 2025	164.33	172.34	172.35	163.10	0.388 times
25 Tue Feb 2025	171.34	168.98	178.62	167.36	0.734 times
24 Mon Feb 2025	168.65	171.00	171.65	167.41	0.286 times
21 Fri Feb 2025	173.65	168.15	174.99	164.80	0.695 times
20 Thu Feb 2025	168.71	162.91	170.00	162.00	0.572 times
19 Wed Feb 2025	165.09	155.25	166.82	155.25	0.762 times
18 Tue Feb 2025	157.58	163.50	166.65	152.96	1.25 times
17 Mon Feb 2025	168.05	142.80	169.50	141.57	4.407 times
14 Fri Feb 2025	144.06	151.06	151.30	140.45	0.579 times

My analysis of stock is bearish for shortterm, and stock might move down till 152.2 or till 142.4. Use a stoploss of 160.43 and if the stock hits stoploss, then it can shoot up till 168.64

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	141.57
Downside Target	150.76
Downside Target	155.01
Upside Target	160.00
Upside Target	166.49
Upside Target	174.99
Upside Target	178.62
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	148.3
Downside Intraday Target	139.85
Upside Intraday Target	171.91
Upside Intraday Target	187.07
Upside Intraday Target	163.46

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Feb 2025	156.75	171.00	178.62	155.01	0.273 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
28 Fri Feb 2025	156.75	158.02	178.62	135.65	1.36 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 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. 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.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red 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 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 165 and Pennar Industries (PENIND) stock is trading below this level. This means that stock is falling with high volumes. 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 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.