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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 2024-08-26 View latest technical analysis

10 day averaged volume of Pennar Industries is 1167898

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	188.13	193.00	193.80	186.97	0.573 times
23 Fri Aug 2024	191.85	195.51	196.25	191.00	0.528 times
22 Thu Aug 2024	197.99	195.80	201.33	192.60	1.069 times
21 Wed Aug 2024	194.62	181.00	197.70	179.96	2.709 times
20 Tue Aug 2024	179.94	180.10	182.00	177.19	0.452 times
19 Mon Aug 2024	180.01	169.97	183.10	169.30	1.417 times
16 Fri Aug 2024	168.77	168.34	173.45	167.88	0.542 times
14 Wed Aug 2024	165.36	171.00	171.75	164.30	0.918 times
13 Tue Aug 2024	168.69	178.00	184.83	166.02	1.613 times
12 Mon Aug 2024	179.16	177.99	181.49	174.19	0.456 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 192.7 as stoploss in an intra day sell trade for a target of 182.75. However, stock will show a bullish move above 192.7.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	113.90
Downside Target	120.10
Downside Target	122.60
Downside Target	144.50
Downside Target	152.00
Downside Target	164.00
Downside Target	169.30
Downside Target	180.10
Downside Target	186.97
Upside Target	193.80
Upside Target	201.33
Upside Target	204.12

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	185.47
Downside Intraday Target	182.8
Upside Intraday Target	192.3
Upside Intraday Target	196.46
Upside Intraday Target	189.63

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	188.13	193.00	193.80	186.97	0.093 times
23 Fri Aug 2024	191.85	169.97	201.33	169.30	1.749 times
16 Fri Aug 2024	168.77	177.99	184.83	164.30	0.987 times
09 Fri Aug 2024	179.30	177.00	182.20	170.00	0.469 times
02 Fri Aug 2024	186.06	181.00	204.12	180.10	2.444 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 Mon Aug 2024	188.13	194.20	201.33	164.30	0.649 times
31 Wed Jul 2024	193.81	171.40	204.12	164.00	0.883 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

Scroll below to view daily charts

Price has moved down 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 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 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.

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

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 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 183.07 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.