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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 2024-03-26 View latest technical analysis

10 day averaged volume of Pennar Industries is 1075230

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	126.85	125.80	127.80	124.10	0.626 times
22 Fri Mar 2024	124.05	123.30	125.80	122.65	0.363 times
21 Thu Mar 2024	123.30	126.10	126.70	122.30	0.583 times
20 Wed Mar 2024	124.25	120.80	125.20	119.00	0.882 times
19 Tue Mar 2024	119.60	120.00	128.50	117.80	1.196 times
18 Mon Mar 2024	119.45	123.80	125.85	118.85	0.723 times
15 Fri Mar 2024	123.15	126.80	126.80	119.55	0.961 times
14 Thu Mar 2024	127.00	106.90	129.40	106.40	1.65 times
13 Wed Mar 2024	109.80	119.95	120.50	108.00	1.367 times
12 Tue Mar 2024	118.35	124.80	127.75	117.05	1.067 times

My analysis of stock is bearish for shortterm, and stock might move down till 119.7 or till 110.4. Use a stoploss of 127.5 and if the stock hits stoploss, then it can shoot up till 135.27

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	131.85
Upside Target	131.90
Upside Target	138.80
Upside Target	138.95
Upside Target	143.60
Upside Target	156.80
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	124.7
Downside Intraday Target	122.55
Upside Intraday Target	128.4
Upside Intraday Target	129.95
Downside Intraday Target	126.25

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	126.85	125.80	127.80	124.10	0.167 times
22 Fri Mar 2024	124.05	123.80	128.50	117.80	0.6 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

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
26 Tue Mar 2024	126.85	135.20	138.95	106.40	0.772 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Pennar Industries in short term but the buy signal is initial and weak.

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 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 121 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 negative.

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