Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-18 View latest technical analysis

10 day averaged volume of Pennar Industries is 909666

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	119.45	123.80	125.85	118.85	0.855 times
15 Fri Mar 2024	123.15	126.80	126.80	119.55	1.136 times
14 Thu Mar 2024	127.00	106.90	129.40	106.40	1.951 times
13 Wed Mar 2024	109.80	119.95	120.50	108.00	1.616 times
12 Tue Mar 2024	118.35	124.80	127.75	117.05	1.261 times
11 Mon Mar 2024	121.65	130.75	131.85	120.55	1.426 times
07 Thu Mar 2024	129.85	128.60	132.20	128.50	0.33 times
06 Wed Mar 2024	127.50	133.05	134.90	126.10	1.168 times
05 Tue Mar 2024	134.60	137.50	137.50	134.00	0.586 times
04 Mon Mar 2024	136.75	138.00	138.80	134.60	0.414 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 122.7, but if it comes above 122.7, then a intra day buy could be more profitable.
If you take a sell trade below 122.7, then use 122.7 as stoploss and 111.8 as target. However if you take a buy trade in stock , then use 122.7 as stoploss and 131.81 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	100.85
Downside Target	106.40
Downside Target	113.00
Downside Target	118.85
Upside Target	123.70
Upside Target	130.55
Upside Target	134.35
Upside Target	138.80
Upside Target	138.95
Upside Target	143.60
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	116.92
Downside Intraday Target	114.38
Upside Intraday Target	123.92
Upside Intraday Target	128.38
Upside Intraday Target	121.38

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	119.45	123.80	125.85	118.85	0.116 times
15 Fri Mar 2024	123.15	130.75	131.85	106.40	2.959 times
07 Thu Mar 2024	129.85	138.00	138.80	126.10	0.75 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

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
18 Mon Mar 2024	119.45	135.20	138.95	106.40	0.561 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 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 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 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 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 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 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 but selling 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 122.61 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.