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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 2024-04-08 View latest technical analysis

10 day averaged volume of Pennar Industries is 801783

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	134.70	138.25	139.40	134.05	0.502 times
05 Fri Apr 2024	138.05	137.00	139.55	134.55	0.724 times
04 Thu Apr 2024	137.15	137.80	140.45	136.40	0.727 times
03 Wed Apr 2024	137.75	132.95	139.45	132.85	1.579 times
02 Tue Apr 2024	132.80	134.55	136.80	131.55	1.04 times
01 Mon Apr 2024	133.75	134.45	137.50	132.90	0.809 times
28 Thu Mar 2024	132.70	130.85	135.40	130.25	1.065 times
27 Wed Mar 2024	129.90	126.60	134.65	126.60	1.947 times
26 Tue Mar 2024	126.85	125.80	127.80	124.10	0.84 times
22 Fri Mar 2024	124.05	123.30	125.80	122.65	0.487 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 134.6, but if it comes below 134.6, then a intra day sell could be more profitable.
If you take a sell trade below 134.6, then use 134.6 as stoploss and 127.21 as target. However if you take a buy trade in stock , then use 134.6 as stoploss and 143.4 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	106.40
Downside Target	113.00
Downside Target	117.80
Downside Target	123.70
Downside Target	128.50
Upside Target	135.40
Upside Target	138.95
Upside Target	139.40
Upside Target	140.45
Upside Target	156.80
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	132.7
Downside Intraday Target	130.7
Upside Intraday Target	138.05
Upside Intraday Target	141.4
Upside Intraday Target	136.05

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	134.70	138.25	139.40	134.05	0.103 times
05 Fri Apr 2024	138.05	134.45	140.45	131.55	1.266 times
28 Thu Mar 2024	132.70	125.80	135.40	124.10	0.766 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

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
08 Mon Apr 2024	134.70	134.45	140.45	131.55	0.258 times
28 Thu Mar 2024	132.70	135.20	138.95	106.40	0.903 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

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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Pennar Industries stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 132.95 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.