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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 2024-06-27 View latest technical analysis

10 day averaged volume of Pennar Industries is 998420

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	163.86	171.00	172.52	162.00	0.874 times
26 Wed Jun 2024	170.19	170.00	173.88	167.69	0.696 times
25 Tue Jun 2024	170.15	172.06	175.25	169.16	0.456 times
24 Mon Jun 2024	172.06	174.51	179.22	171.18	0.907 times
21 Fri Jun 2024	174.63	182.17	182.68	173.00	0.862 times
20 Thu Jun 2024	181.39	169.00	184.00	168.77	1.679 times
19 Wed Jun 2024	168.77	170.00	173.18	165.80	0.646 times
18 Tue Jun 2024	169.40	173.34	174.40	165.35	0.874 times
14 Fri Jun 2024	173.34	178.76	178.95	172.52	0.738 times
13 Thu Jun 2024	178.48	175.00	186.00	173.80	2.099 times

My analysis of stock is bullish for shortterm, and stock might move up till 178.1 or till 197. Use a stoploss of 162.43 and if this stock hits its stoploss, then it can fall down till 146.73

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	162.00
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	157.5
Downside Intraday Target	151.14
Upside Intraday Target	174.72
Upside Intraday Target	185.58
Upside Intraday Target	168.36

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	163.86	174.51	179.22	162.00	0.723 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
27 Thu Jun 2024	163.86	151.00	186.00	120.10	1.741 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 Weak 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 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 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 173.94 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.