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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 2025-04-22 View latest technical analysis

10 day averaged volume of Pennar Industries is 597841

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Apr 2025	197.10	192.69	198.50	189.43	1.198 times
21 Mon Apr 2025	191.49	186.80	192.56	185.99	0.706 times
17 Thu Apr 2025	185.88	187.11	190.15	183.10	0.708 times
16 Wed Apr 2025	189.16	187.41	191.32	185.28	0.649 times
15 Tue Apr 2025	186.68	184.98	187.30	182.21	0.708 times
11 Fri Apr 2025	179.70	179.97	181.49	175.11	0.757 times
09 Wed Apr 2025	171.86	176.00	177.04	171.06	0.642 times
08 Tue Apr 2025	178.05	183.68	183.98	176.25	0.758 times
07 Mon Apr 2025	173.93	151.37	178.50	148.81	2.886 times
04 Fri Apr 2025	183.38	193.00	193.23	181.65	1.108 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 198.8, for a target of 191.4 or 185.26

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	148.81
Downside Target	177.50
Downside Target	191.32
Downside Target	194.00
Downside Target	195.79
Upside Target	198.50
Upside Target	205.20
Upside Target	227.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	189.23
Downside Intraday Target	181.35
Upside Intraday Target	201.74
Upside Intraday Target	206.37
Downside Intraday Target	193.86

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Apr 2025	197.10	186.80	198.50	185.99	0.922 times
17 Thu Apr 2025	185.88	184.98	191.32	182.21	0.41 times
11 Fri Apr 2025	179.70	151.37	183.98	148.81	1.161 times
04 Fri Apr 2025	183.38	187.80	195.79	181.65	0.82 times
28 Fri Mar 2025	187.80	189.99	194.00	177.50	0.706 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
22 Tue Apr 2025	197.10	187.80	198.50	148.81	0.635 times
28 Fri Mar 2025	187.80	159.10	194.00	149.70	0.768 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

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 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 Weak 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 BUY signal in short term and the buying is gaining 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 182.25 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 positive

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