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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 1055186

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	179.72	179.45	181.41	177.21	0.421 times
25 Thu Jul 2024	178.47	181.00	187.10	178.00	0.787 times
24 Wed Jul 2024	182.79	173.26	184.00	170.60	0.891 times
23 Tue Jul 2024	172.47	173.69	174.95	165.32	0.824 times
22 Mon Jul 2024	172.79	172.40	175.96	167.76	0.532 times
19 Fri Jul 2024	172.42	178.09	178.09	172.00	0.647 times
18 Thu Jul 2024	177.53	183.60	185.98	174.47	0.948 times
16 Tue Jul 2024	183.57	182.50	188.30	182.33	1.101 times
15 Mon Jul 2024	182.32	183.00	188.00	180.60	2.073 times
12 Fri Jul 2024	177.69	175.90	182.40	174.80	1.045 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 179.8 as stoploss in an intra day sell trade for a target of 175.11. However, stock will show a bullish move above 179.8.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	106.40
Downside Target	113.90
Downside Target	120.10
Downside Target	122.60
Downside Target	138.95
Downside Target	144.50
Downside Target	152.00
Downside Target	162.00
Downside Target	172.00
Downside Target	179.22
Upside Target	186.00
Upside Target	187.10
Upside Target	188.30
Upside Target	191.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	167.66
Downside Intraday Target	155.6
Upside Intraday Target	189.44
Upside Intraday Target	199.16
Downside Intraday Target	177.38

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	179.72	172.40	187.10	165.32	0.724 times
19 Fri Jul 2024	172.42	183.00	188.30	172.00	1.131 times
12 Fri Jul 2024	177.69	171.75	182.40	164.00	0.543 times
05 Fri Jul 2024	168.37	171.40	191.70	167.55	2.337 times
28 Fri Jun 2024	168.39	174.51	179.22	162.00	0.865 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
26 Fri Jul 2024	179.72	171.40	191.70	164.00	0.669 times
28 Fri Jun 2024	168.39	151.00	186.00	120.10	1.773 times
31 Fri May 2024	143.95	137.30	152.00	122.60	1.17 times
30 Tue Apr 2024	137.00	134.45	144.50	113.90	0.917 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing 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 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 SELL signal for Pennar Industries in short term but SELL signal is weak.

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 178.94 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.