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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 2024-09-30 View latest technical analysis

10 day averaged volume of Pennar Industries is 867710

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	170.22	171.00	172.89	168.61	0.586 times
27 Fri Sep 2024	170.81	173.99	174.98	170.01	0.533 times
26 Thu Sep 2024	173.21	180.00	180.00	172.25	0.826 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	3.49 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	0.904 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

My analysis of stock is bearish for shortterm, and stock might move down till 166.9 or till 161.3. Use a stoploss of 171.64 and if the stock hits stoploss, then it can shoot up till 176.34

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	168.61
Upside Target	175.99
Upside Target	184.26
Upside Target	185.00
Upside Target	186.00
Upside Target	201.33
Upside Target	204.12

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	168.26
Downside Intraday Target	166.29
Upside Intraday Target	172.54
Upside Intraday Target	174.85
Upside Intraday Target	170.57

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	170.22	171.00	172.89	168.61	0.086 times
27 Fri Sep 2024	170.81	170.69	185.00	170.01	2.153 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

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
30 Mon Sep 2024	170.22	178.00	185.00	162.27	1.023 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Pennar Industries ( (PENIND) ) based on a short 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.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Pennar Industries stock for short term is SELL. Signal strength is Weak and stock is gaining 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. 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 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 175.23 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.