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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.

10 day averaged volume of Pennar Industries is 689771

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Apr 2025	173.93	151.37	178.50	148.81	2.502 times
04 Fri Apr 2025	183.38	193.00	193.23	181.65	0.961 times
03 Thu Apr 2025	193.12	186.70	195.79	186.70	0.934 times
02 Wed Apr 2025	190.45	186.25	192.85	183.37	0.866 times
01 Tue Apr 2025	185.76	187.80	190.74	183.35	1.005 times
28 Fri Mar 2025	187.80	192.80	194.00	187.20	0.781 times
27 Thu Mar 2025	190.77	177.60	191.80	177.50	1.398 times
26 Wed Mar 2025	180.55	182.35	185.75	179.45	0.514 times
25 Tue Mar 2025	182.34	192.22	192.22	181.20	0.995 times
24 Mon Mar 2025	185.64	189.99	191.80	185.35	0.906 times

Stock of Pennar Industries (PENIND) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 173.2 as stoploss in an intra day buy trade for a target of 181.01. However, stock will show a bearish move below 173.2.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	148.81
Downside Target	165.00
Downside Target	170.94
Upside Target	177.00
Upside Target	187.12
Upside Target	191.79
Upside Target	194.00
Upside Target	195.79
Upside Target	205.20
Upside Target	227.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	155.66
Downside Intraday Target	137.39
Upside Intraday Target	185.35
Upside Intraday Target	196.77
Downside Intraday Target	167.08

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Apr 2025	173.93	151.37	178.50	148.81	0.664 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
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

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
07 Mon Apr 2025	173.93	187.80	195.79	148.81	0.344 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 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 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 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 mid to longer 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.

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

MACD generated a SELL signal for Pennar Industries in short term but the sell 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 green color and prices are above the green 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 BUY signal in short term but buying is losing 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 184.05 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 has given negative 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.