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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 2024-06-26 View latest technical analysis

10 day averaged volume of Pennar Industries is 1256871

Date	Daily Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	170.19	170.00	173.88	167.69	0.553 times
25 Tue Jun 2024	170.15	172.06	175.25	169.16	0.362 times
24 Mon Jun 2024	172.06	174.51	179.22	171.18	0.721 times
21 Fri Jun 2024	174.63	182.17	182.68	173.00	0.684 times
20 Thu Jun 2024	181.39	169.00	184.00	168.77	1.333 times
19 Wed Jun 2024	168.77	170.00	173.18	165.80	0.513 times
18 Tue Jun 2024	169.40	173.34	174.40	165.35	0.694 times
14 Fri Jun 2024	173.34	178.76	178.95	172.52	0.587 times
13 Thu Jun 2024	178.48	175.00	186.00	173.80	1.668 times
12 Wed Jun 2024	174.96	174.41	176.70	172.26	0.829 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 177.6 as stoploss in an intra day sell trade for a target of 161.41. However, stock will show a bullish move above 177.6.

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
Upside Target	172.00
Upside Target	179.22
Upside Target	184.00
Upside Target	186.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	165.51
Downside Intraday Target	160.84
Upside Intraday Target	177.04
Upside Intraday Target	183.9
Upside Intraday Target	172.37

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	170.19	174.51	179.22	167.69	0.507 times
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

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
26 Wed Jun 2024	170.19	151.00	186.00	120.10	1.692 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 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 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 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 SELL signal for Pennar Industries in short term but the sell signal is initial and weak.

Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 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 174.93 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 positive

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