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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 2024-03-01 View latest technical analysis

10 day averaged volume of Pennar Industries is 756687

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	137.05	135.20	138.75	134.95	0.704 times
29 Thu Feb 2024	134.30	135.70	135.70	130.70	0.772 times
28 Wed Feb 2024	135.30	140.10	141.40	134.10	0.804 times
27 Tue Feb 2024	139.50	141.50	143.50	138.00	0.537 times
26 Mon Feb 2024	141.60	141.50	143.60	138.00	1.051 times
23 Fri Feb 2024	141.50	140.10	143.45	140.05	0.673 times
22 Thu Feb 2024	139.00	138.50	140.25	134.35	0.95 times
21 Wed Feb 2024	137.60	145.75	147.40	136.40	1.67 times
20 Tue Feb 2024	144.60	155.00	156.55	142.80	1.752 times
19 Mon Feb 2024	142.75	144.50	148.80	142.00	0.88 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 137.7, but if it comes above 137.7, then a intra day buy could be more profitable.
If you take a sell trade below 137.7, then use 137.7 as stoploss and 129.1 as target. However if you take a buy trade in stock , then use 137.7 as stoploss and 144.92 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	100.85
Downside Target	113.00
Downside Target	123.70
Downside Target	130.55
Upside Target	143.10
Upside Target	146.00
Upside Target	154.90
Upside Target	156.55
Upside Target	156.80
Upside Target	157.00
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	130.63
Downside Intraday Target	124.22
Upside Intraday Target	143.53
Upside Intraday Target	150.02
Upside Intraday Target	137.12

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	137.05	141.50	143.60	130.70	0.653 times
23 Fri Feb 2024	141.50	144.50	156.55	134.35	1.008 times
16 Fri Feb 2024	143.85	149.30	154.90	136.85	0.779 times
09 Fri Feb 2024	147.10	152.95	163.40	146.00	0.989 times
02 Fri Feb 2024	152.30	147.40	157.00	143.10	0.981 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
01 Fri Mar 2024	137.05	135.20	138.75	134.95	0.029 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
29 Fri Dec 2023	124.70	119.35	130.55	113.00	0.677 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Pennar Industries ( (PENIND) ) based on a short to mid 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.

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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Pennar Industries in short term and the sell signal is strong.

Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Pennar Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Pennar Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 139.76 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 negative.

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