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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 894734

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	140.70	139.95	144.20	139.95	0.956 times
23 Tue Apr 2024	139.60	140.30	142.40	136.90	1.216 times
22 Mon Apr 2024	139.20	131.95	144.50	130.25	3.433 times
19 Fri Apr 2024	128.90	122.40	130.00	120.60	1.435 times
18 Thu Apr 2024	124.30	127.75	129.60	123.80	0.512 times
16 Tue Apr 2024	125.85	123.55	127.35	122.05	0.842 times
15 Mon Apr 2024	124.85	125.90	128.75	113.90	0.851 times
12 Fri Apr 2024	130.90	132.50	134.00	130.45	0.368 times
10 Wed Apr 2024	132.80	133.50	134.65	132.35	0.39 times
09 Tue Apr 2024	133.15	134.70	137.95	132.40	0.502 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 137.6, but if it comes below 137.6, then a intra day sell could be more profitable.
If you take a sell trade below 137.6, then use 137.6 as stoploss and 132.4 as target. However if you take a buy trade in stock , then use 137.6 as stoploss and 143.9 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	106.40
Downside Target	113.00
Downside Target	123.70
Downside Target	130.00
Downside Target	135.40
Downside Target	138.95
Downside Target	139.40
Downside Target	140.45
Upside Target	144.50
Upside Target	156.80
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	132.47
Downside Intraday Target	124.23
Upside Intraday Target	146.72
Upside Intraday Target	152.73
Downside Intraday Target	138.48

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	140.70	131.95	144.50	130.25	1.539 times
19 Fri Apr 2024	128.90	125.90	130.00	113.90	2.13 times
12 Fri Apr 2024	130.90	138.25	139.40	130.45	0.391 times
05 Fri Apr 2024	138.05	134.45	140.45	131.55	1.266 times
28 Thu Mar 2024	132.70	125.80	135.40	124.10	0.766 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
24 Wed Apr 2024	140.70	134.45	144.50	113.90	0.819 times
28 Thu Mar 2024	132.70	135.20	138.95	106.40	0.903 times
29 Thu Feb 2024	134.30	154.00	163.40	130.70	0.491 times
31 Wed Jan 2024	153.30	125.35	156.80	123.70	1.289 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 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 red color and prices are in or above the red 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 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 134.2 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.