Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-21 View latest technical analysis

10 day averaged volume of Pennar Industries is 2300310

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	174.63	182.17	182.68	173.00	0.374 times
20 Thu Jun 2024	181.39	169.00	184.00	168.77	0.729 times
19 Wed Jun 2024	168.77	170.00	173.18	165.80	0.28 times
18 Tue Jun 2024	169.40	173.34	174.40	165.35	0.379 times
14 Fri Jun 2024	173.34	178.76	178.95	172.52	0.32 times
13 Thu Jun 2024	178.48	175.00	186.00	173.80	0.911 times
12 Wed Jun 2024	174.96	174.41	176.70	172.26	0.453 times
11 Tue Jun 2024	174.59	169.00	179.50	166.30	1.426 times
10 Mon Jun 2024	169.71	174.30	177.69	168.11	1.395 times
07 Fri Jun 2024	169.30	146.00	172.00	144.25	3.763 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 174.1, but if it comes below 174.1, then a intra day sell could be more profitable.
If you take a sell trade below 174.1, then use 174.1 as stoploss and 157.47 as target. However if you take a buy trade in stock , then use 174.1 as stoploss and 194.1 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
Downside Target	130.70
Downside Target	137.10
Downside Target	144.50
Downside Target	151.65
Downside Target	163.40
Downside Target	166.30
Downside Target	172.00
Upside Target	184.00
Upside Target	186.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	165.32
Downside Intraday Target	156.01
Upside Intraday Target	183.97
Upside Intraday Target	193.31
Upside Intraday Target	174.66

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	174.63	173.34	184.00	165.35	0.391 times
14 Fri Jun 2024	173.34	174.30	186.00	166.30	0.744 times
07 Fri Jun 2024	169.30	151.00	172.00	120.10	4.103 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

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
21 Fri Jun 2024	174.63	151.00	186.00	120.10	1.578 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 up this month, and volume has increased substantially. This means that the move can 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 green color and prices are above 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 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 172.39 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 positive

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