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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 2025-03-21 View latest technical analysis

10 day averaged volume of Pennar Industries is 626417

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Mar 2025	188.43	183.99	190.00	181.90	1.806 times
20 Thu Mar 2025	183.18	184.50	185.47	178.00	1.037 times
19 Wed Mar 2025	183.57	189.20	191.79	182.57	1.185 times
18 Tue Mar 2025	185.33	177.81	186.70	176.55	1.375 times
17 Mon Mar 2025	176.22	172.49	180.90	170.94	1.758 times
13 Thu Mar 2025	168.44	171.82	175.00	167.75	1.147 times
12 Wed Mar 2025	169.22	169.31	172.29	166.54	0.656 times
11 Tue Mar 2025	167.80	167.40	171.55	165.00	0.641 times
10 Mon Mar 2025	169.96	174.00	177.00	168.51	0.529 times
07 Fri Mar 2025	174.25	172.75	177.35	171.47	0.663 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 190.4, for a target of 180 or 171.3

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	141.57
Downside Target	149.70
Downside Target	155.01
Downside Target	165.00
Downside Target	174.99
Downside Target	178.62
Downside Target	187.12
Upside Target	191.79
Upside Target	205.20
Upside Target	213.65
Upside Target	227.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	175.65
Downside Intraday Target	162.87
Upside Intraday Target	196.5
Upside Intraday Target	204.57
Downside Intraday Target	183.72

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Mar 2025	188.43	172.49	191.79	170.94	2.408 times
13 Thu Mar 2025	168.44	174.00	177.00	165.00	0.61 times
07 Fri Mar 2025	174.25	159.10	177.35	149.70	1.265 times
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

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
21 Fri Mar 2025	188.43	159.10	191.79	149.70	0.574 times
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

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 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 tired and bears are picking up momentum.

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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 178.72 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.