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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 2024-04-10 View latest technical analysis

10 day averaged volume of Pennar Industries is 785176

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	132.80	133.50	134.65	132.35	0.444 times
09 Tue Apr 2024	133.15	134.70	137.95	132.40	0.572 times
08 Mon Apr 2024	134.70	138.25	139.40	134.05	0.513 times
05 Fri Apr 2024	138.05	137.00	139.55	134.55	0.739 times
04 Thu Apr 2024	137.15	137.80	140.45	136.40	0.743 times
03 Wed Apr 2024	137.75	132.95	139.45	132.85	1.612 times
02 Tue Apr 2024	132.80	134.55	136.80	131.55	1.061 times
01 Mon Apr 2024	133.75	134.45	137.50	132.90	0.826 times
28 Thu Mar 2024	132.70	130.85	135.40	130.25	1.088 times
27 Wed Mar 2024	129.90	126.60	134.65	126.60	1.988 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 135.4 as stoploss in an intra day sell trade for a target of 127.93. However, stock will show a bullish move above 135.4.

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	130.3
Downside Intraday Target	127.8
Upside Intraday Target	137.35
Upside Intraday Target	141.9
Upside Intraday Target	134.85

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	132.80	138.25	139.40	132.35	0.307 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
10 Wed Apr 2024	132.80	134.45	140.45	131.55	0.305 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 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 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 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 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 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.

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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 133.97 and Pennar Industries (PENIND) stock is trading below this level. This means that stock is falling with high volumes. 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.