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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 2024-09-26 View latest technical analysis

10 day averaged volume of Pennar Industries is 868173

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	173.21	180.00	180.00	172.25	0.825 times
25 Wed Sep 2024	180.02	180.80	184.70	178.90	1.259 times
24 Tue Sep 2024	181.16	172.83	185.00	172.30	3.488 times
23 Mon Sep 2024	172.58	170.69	174.56	170.50	0.72 times
20 Fri Sep 2024	169.65	167.00	170.94	167.00	0.53 times
19 Thu Sep 2024	166.42	170.48	172.99	162.27	0.903 times
18 Wed Sep 2024	169.23	169.50	172.51	167.21	0.698 times
17 Tue Sep 2024	169.51	175.30	175.30	168.93	0.484 times
16 Mon Sep 2024	174.07	173.84	175.99	172.50	0.556 times
13 Fri Sep 2024	172.38	170.00	173.05	169.23	0.712 times

My analysis of stock is bullish for shortterm, and stock might move up till 177.5 or till 183.6. Use a stoploss of 172.43 and if this stock hits its stoploss, then it can fall down till 167.33

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	122.60
Downside Target	152.00
Downside Target	162.27
Downside Target	170.50
Upside Target	184.26
Upside Target	185.00
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	167.47
Downside Intraday Target	161.74
Upside Intraday Target	181.97
Upside Intraday Target	190.74
Upside Intraday Target	176.24

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	173.21	170.69	185.00	170.50	1.985 times
20 Fri Sep 2024	169.65	173.84	175.99	162.27	0.743 times
13 Fri Sep 2024	172.38	169.00	173.35	163.55	0.451 times
06 Fri Sep 2024	169.19	178.00	184.26	165.25	2.715 times
30 Fri Aug 2024	178.00	193.00	193.80	175.93	0.419 times

Price has moved up 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
26 Thu Sep 2024	173.21	178.00	185.00	162.27	0.976 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Pennar Industries in short term but the buy 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. Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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 175.49 and Pennar Industries (PENIND) stock is trading below this level. This means that stock is falling with high volumes. 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.