(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 2024-03-20 View latest technical analysis
10 day averaged volume of Pennar Industries is 1068164
Date | Daily Closing Price | Open | High | Low | Volume |
20 Wed Mar 2024 | 124.25 | 120.80 | 125.20 | 119.00 | 0.888 times |
19 Tue Mar 2024 | 119.60 | 120.00 | 128.50 | 117.80 | 1.204 times |
18 Mon Mar 2024 | 119.45 | 123.80 | 125.85 | 118.85 | 0.728 times |
15 Fri Mar 2024 | 123.15 | 126.80 | 126.80 | 119.55 | 0.967 times |
14 Thu Mar 2024 | 127.00 | 106.90 | 129.40 | 106.40 | 1.661 times |
13 Wed Mar 2024 | 109.80 | 119.95 | 120.50 | 108.00 | 1.376 times |
12 Tue Mar 2024 | 118.35 | 124.80 | 127.75 | 117.05 | 1.074 times |
11 Mon Mar 2024 | 121.65 | 130.75 | 131.85 | 120.55 | 1.214 times |
07 Thu Mar 2024 | 129.85 | 128.60 | 132.20 | 128.50 | 0.281 times |
06 Wed Mar 2024 | 127.50 | 133.05 | 134.90 | 126.10 | 0.994 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 121 as stoploss in an intra day buy trade for a target of 129.9. However, stock will show a bearish move below 121.
Share price targets for Pennar Industries (PENIND)
Target Type | Value |
Downside Target | 100.85 |
Downside Target | 106.40 |
Downside Target | 113.00 |
Downside Target | 117.80 |
Downside Target | 123.70 |
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 | 118.53 |
Downside Intraday Target | 112.82 |
Upside Intraday Target | 129.23 |
Upside Intraday Target | 134.22 |
Downside Intraday Target | 123.52 |
Weekly technical analysis of Pennar Industries (PENIND)
Date | Weekly Closing Price | Open | High | Low | Volume |
20 Wed Mar 2024 | 124.25 | 123.80 | 128.50 | 117.80 | 0.448 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 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 |
20 Wed Mar 2024 | 124.25 | 135.20 | 138.95 | 106.40 | 0.681 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 losing momentum.
MACD generated a SELL signal for Pennar Industries in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bears are weakening, and bulls are picking up momentum!
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 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 121.35 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 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.
Price action analysis of Pennar Industries ( (PENIND) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 losing momentum.
MACD generated a SELL signal for Pennar Industries in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bears are weakening, and bulls are picking up momentum!
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 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 121.35 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 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.
Click here for Pennar Industries charts
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Daily charts
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