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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 2024-09-04 View latest technical analysis

10 day averaged volume of Pennar Industries is 906521

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	170.12	171.00	178.80	169.40	5.236 times
03 Tue Sep 2024	183.51	178.90	184.26	178.90	0.584 times
02 Mon Sep 2024	178.90	178.00	180.89	174.51	0.537 times
30 Fri Aug 2024	178.00	179.75	181.86	175.93	0.55 times
29 Thu Aug 2024	178.36	182.00	188.49	177.61	1.025 times
28 Wed Aug 2024	182.59	186.39	188.09	182.00	0.492 times
27 Tue Aug 2024	186.62	187.89	190.50	186.00	0.525 times
26 Mon Aug 2024	188.13	193.00	193.80	186.97	0.738 times
23 Fri Aug 2024	191.85	195.51	196.25	191.00	0.681 times
22 Thu Aug 2024	197.99	195.80	201.33	192.60	1.377 times

Stock of Pennar Industries (PENIND) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 172, but if it comes above 172, then a intra day buy could be more profitable.
If you take a sell trade below 172, then use 172 as stoploss and 162 as target. However if you take a buy trade in stock , then use 172 as stoploss and 180.38 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	122.60
Downside Target	152.00
Downside Target	164.00
Downside Target	169.30
Upside Target	175.93
Upside Target	182.20
Upside Target	184.83
Upside Target	186.00
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	164.93
Downside Intraday Target	159.73
Upside Intraday Target	179.79
Upside Intraday Target	189.45
Upside Intraday Target	174.59

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	170.12	178.00	184.26	169.40	1.908 times
30 Fri Aug 2024	178.00	193.00	193.80	175.93	0.419 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Industries (PENIND)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	170.12	178.00	184.26	169.40	0.279 times
30 Fri Aug 2024	178.00	194.20	201.33	164.30	0.733 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

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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Pennar Industries stock for short term is SELL. Signal strength is Strong 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 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 red color and prices are below the red 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 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 179.19 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 negative.

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