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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 2024-06-04 View latest technical analysis

10 day averaged volume of Pennar Industries is 1216705

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	126.80	144.80	148.80	120.10	1.866 times
03 Mon Jun 2024	144.05	151.00	152.80	143.95	0.675 times
31 Fri May 2024	143.95	142.65	145.00	137.10	0.518 times
30 Thu May 2024	140.30	143.00	144.25	139.10	0.318 times
29 Wed May 2024	143.50	141.95	146.00	140.65	0.37 times
28 Tue May 2024	142.60	145.30	145.50	140.55	0.534 times
27 Mon May 2024	144.25	147.80	151.65	143.35	1.051 times
24 Fri May 2024	146.65	145.85	152.00	144.00	2.419 times
23 Thu May 2024	143.65	137.55	144.65	131.80	3.276 times
22 Wed May 2024	133.65	135.70	137.70	132.55	0.414 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 129.2, but if it comes above 129.2, then a intra day buy could be more profitable.
If you take a sell trade below 129.2, then use 129.2 as stoploss and 121 as target. However if you take a buy trade in stock , then use 129.2 as stoploss and 136.12 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	106.40
Downside Target	113.90
Downside Target	120.10
Downside Target	122.60
Upside Target	130.70
Upside Target	135.80
Upside Target	144.50
Upside Target	151.65
Upside Target	152.00
Upside Target	152.80
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	113.67
Downside Intraday Target	100.53
Upside Intraday Target	146.37
Upside Intraday Target	165.93
Upside Intraday Target	133.23

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	126.80	151.00	152.80	120.10	0.91 times
31 Fri May 2024	143.95	147.80	151.65	137.10	0.427 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

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
04 Tue Jun 2024	126.80	151.00	152.80	120.10	0.172 times
31 Fri May 2024	143.95	137.30	152.00	122.60	1.17 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

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 to mid 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

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 getting stronger in this stock.

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 and SELL signal is strong!

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

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 141.12 and Pennar Industries (PENIND) stock is trading below this level. This means that stock is falling with high volumes. 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.