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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 2024-07-01 View latest technical analysis

10 day averaged volume of Pennar Industries is 829676

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	173.87	171.40	176.14	170.21	0.994 times
28 Fri Jun 2024	168.39	164.10	170.00	164.10	0.697 times
27 Thu Jun 2024	163.86	171.00	172.52	162.00	1.051 times
26 Wed Jun 2024	170.19	170.00	173.88	167.69	0.838 times
25 Tue Jun 2024	170.15	172.06	175.25	169.16	0.549 times
24 Mon Jun 2024	172.06	174.51	179.22	171.18	1.092 times
21 Fri Jun 2024	174.63	182.17	182.68	173.00	1.037 times
20 Thu Jun 2024	181.39	169.00	184.00	168.77	2.02 times
19 Wed Jun 2024	168.77	170.00	173.18	165.80	0.777 times
18 Tue Jun 2024	169.40	173.34	174.40	165.35	1.051 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 179.6 as stoploss in an intra day sell trade for a target of 165.33. However, stock will show a bullish move above 179.6.

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	138.95
Downside Target	144.50
Downside Target	152.00
Downside Target	162.00
Downside Target	165.35
Downside Target	170.21
Upside Target	176.14
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	170.67
Downside Intraday Target	167.48
Upside Intraday Target	176.6
Upside Intraday Target	179.34
Downside Intraday Target	173.41

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	173.87	171.40	176.14	170.21	0.235 times
28 Fri Jun 2024	168.39	174.51	179.22	162.00	0.865 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

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
01 Mon Jul 2024	173.87	171.40	176.14	170.21	0.026 times
28 Fri Jun 2024	168.39	151.00	186.00	120.10	1.773 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 gaining 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Pennar Industries in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 172.47 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.