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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 2024-10-16 View latest technical analysis

10 day averaged volume of Pennar Industries is 1241979

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	184.87	182.96	186.10	182.07	0.434 times
15 Tue Oct 2024	183.75	181.99	184.94	176.62	0.581 times
14 Mon Oct 2024	181.07	180.00	187.85	180.00	0.956 times
11 Fri Oct 2024	177.80	178.50	179.57	171.37	0.292 times
10 Thu Oct 2024	179.58	176.90	179.80	175.77	0.35 times
09 Wed Oct 2024	175.86	177.91	180.69	174.02	0.354 times
08 Tue Oct 2024	178.25	170.95	179.00	166.66	0.678 times
07 Mon Oct 2024	170.68	184.15	185.70	169.15	1.186 times
04 Fri Oct 2024	182.79	188.01	194.39	181.00	1.981 times
03 Thu Oct 2024	187.16	180.50	189.80	177.60	2.022 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 182.8, but if it comes below 182.8, then a intra day sell could be more profitable.
If you take a sell trade below 182.8, then use 182.8 as stoploss and 176.85 as target. However if you take a buy trade in stock , then use 182.8 as stoploss and 189.9 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	162.27
Downside Target	175.99
Upside Target	185.00
Upside Target	185.70
Upside Target	186.00
Upside Target	187.85
Upside Target	194.39
Upside Target	201.33
Upside Target	204.12

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	178.38
Downside Intraday Target	171.88
Upside Intraday Target	189.61
Upside Intraday Target	194.34
Downside Intraday Target	183.11

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	184.87	180.00	187.85	176.62	0.689 times
11 Fri Oct 2024	177.80	184.15	185.70	166.66	0.476 times
04 Fri Oct 2024	182.79	171.00	194.39	168.61	1.26 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

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
16 Wed Oct 2024	184.87	174.80	194.39	166.66	0.614 times
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

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 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 but buying is losing 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 181.23 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.