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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 2024-03-06 View latest technical analysis

10 day averaged volume of Pennar Industries is 516607

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	127.50	133.05	134.90	126.10	2.056 times
05 Tue Mar 2024	134.60	137.50	137.50	134.00	1.032 times
04 Mon Mar 2024	136.75	138.00	138.80	134.60	0.729 times
02 Sat Mar 2024	137.70	137.85	138.95	134.15	0.199 times
01 Fri Mar 2024	137.05	135.20	138.75	134.95	1.031 times
29 Thu Feb 2024	134.30	135.70	135.70	130.70	1.13 times
28 Wed Feb 2024	135.30	140.10	141.40	134.10	1.177 times
27 Tue Feb 2024	139.50	141.50	143.50	138.00	0.786 times
26 Mon Feb 2024	141.60	141.50	143.60	138.00	1.539 times
23 Fri Feb 2024	141.50	140.10	143.45	140.05	0.986 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 128.3, for a target of 134.9 or 140.44

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	100.85
Downside Target	113.00
Downside Target	123.70
Upside Target	130.55
Upside Target	138.95
Upside Target	143.60
Upside Target	146.00
Upside Target	154.90
Upside Target	156.55
Upside Target	156.80
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	122.8
Downside Intraday Target	118.1
Upside Intraday Target	135.5
Upside Intraday Target	143.5
Upside Intraday Target	130.8

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	127.50	138.00	138.80	126.10	0.651 times
02 Sat Mar 2024	137.70	141.50	143.60	130.70	0.675 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

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
06 Wed Mar 2024	127.50	135.20	138.95	126.10	0.14 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Strong and stock is gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 135.73 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.