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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 2024-05-30 View latest technical analysis

10 day averaged volume of Pennar Industries is 1290197

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	140.30	143.00	144.25	139.10	0.3 times
29 Wed May 2024	143.50	141.95	146.00	140.65	0.349 times
28 Tue May 2024	142.60	145.30	145.50	140.55	0.503 times
27 Mon May 2024	144.25	147.80	151.65	143.35	0.991 times
24 Fri May 2024	146.65	145.85	152.00	144.00	2.282 times
23 Thu May 2024	143.65	137.55	144.65	131.80	3.089 times
22 Wed May 2024	133.65	135.70	137.70	132.55	0.39 times
21 Tue May 2024	135.20	135.05	136.95	132.95	0.401 times
18 Sat May 2024	135.85	136.10	137.40	135.10	0.071 times
17 Fri May 2024	135.75	134.60	138.75	133.00	0.81 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 141.5 as stoploss in an intra day sell trade for a target of 135.12. However, stock will show a bullish move above 141.5.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	106.40
Downside Target	113.90
Downside Target	122.60
Downside Target	130.70
Downside Target	135.80
Downside Target	138.95
Upside Target	142.60
Upside Target	144.50
Upside Target	151.65
Upside Target	152.00
Upside Target	156.80
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	135.72
Downside Intraday Target	131.13
Upside Intraday Target	148.27
Upside Intraday Target	156.23
Upside Intraday Target	143.68

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	140.30	147.80	151.65	139.10	0.348 times
24 Fri May 2024	146.65	135.05	152.00	131.80	2.185 times
18 Sat May 2024	135.85	126.40	139.00	122.60	1.67 times
10 Fri May 2024	126.35	134.75	135.80	122.60	1.474 times
03 Fri May 2024	134.65	142.00	142.60	132.90	0.247 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
30 Thu May 2024	140.30	137.30	152.00	122.60	1.129 times
30 Tue Apr 2024	137.00	134.45	144.50	113.90	0.917 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

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 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 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.

ADX buy sell signal for Pennar Industries stock for short term is BUY. Signal strength is Strong 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 green color and prices are in or below the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 142.74 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 positive

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