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 2024-07-11 View latest technical analysis

10 day averaged volume of Pennar Industries is 1177589

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	176.33	170.00	178.51	169.14	1.032 times
10 Wed Jul 2024	169.97	172.00	173.50	164.00	0.61 times
09 Tue Jul 2024	170.72	173.70	175.25	170.00	0.42 times
08 Mon Jul 2024	173.12	171.75	175.84	171.74	0.779 times
05 Fri Jul 2024	168.37	170.20	172.44	167.55	0.702 times
04 Thu Jul 2024	170.60	172.59	174.90	170.15	0.677 times
03 Wed Jul 2024	171.93	179.80	180.62	171.00	1.342 times
02 Tue Jul 2024	179.21	178.00	191.70	177.00	3.538 times
01 Mon Jul 2024	173.87	171.40	176.14	170.21	0.7 times
28 Fri Jun 2024	168.39	164.10	170.00	164.10	0.491 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 176.3, but if it comes below 176.3, then a intra day sell could be more profitable.
If you take a sell trade below 176.3, then use 176.3 as stoploss and 172.24 as target. However if you take a buy trade in stock , then use 176.3 as stoploss and 181.3 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	138.95
Downside Target	144.50
Downside Target	152.00
Downside Target	162.00
Upside Target	178.51
Upside Target	184.00
Upside Target	186.00
Upside Target	191.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	167.38
Downside Intraday Target	158.44
Upside Intraday Target	181.89
Upside Intraday Target	187.46
Downside Intraday Target	172.95

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	176.33	171.75	178.51	164.00	0.408 times
05 Fri Jul 2024	168.37	171.40	191.70	167.55	2.337 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

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
11 Thu Jul 2024	176.33	171.40	191.70	164.00	0.362 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 neutral. A longer time frame might give a better analysis.

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 to mid 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 174.43 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.