Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-18 View latest technical analysis

10 day averaged volume of Pennar Industries is 978056

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	207.39	184.00	210.35	181.60	9.991 times
17 Thu Oct 2024	185.87	185.80	189.00	180.35	1.35 times
16 Wed Oct 2024	184.87	182.96	186.10	182.07	0.551 times
15 Tue Oct 2024	183.75	181.99	184.94	176.62	0.738 times
14 Mon Oct 2024	181.07	180.00	187.85	180.00	1.214 times
11 Fri Oct 2024	177.80	178.50	179.57	171.37	0.371 times
10 Thu Oct 2024	179.58	176.90	179.80	175.77	0.444 times
09 Wed Oct 2024	175.86	177.91	180.69	174.02	0.45 times
08 Tue Oct 2024	178.25	170.95	179.00	166.66	0.86 times
07 Mon Oct 2024	170.68	184.15	185.70	169.15	1.506 times

Stock of Pennar Industries (PENIND) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 198.1, for a target of 188.1 or 179.74

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	162.27
Downside Target	175.99
Downside Target	185.00
Downside Target	185.70
Downside Target	186.00
Downside Target	194.39
Downside Target	201.33
Downside Target	204.12
Upside Target	210.35

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	185.89
Downside Intraday Target	164.39
Upside Intraday Target	219.62
Upside Intraday Target	231.85
Downside Intraday Target	198.12

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	207.39	180.00	210.35	176.62	3.812 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, 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
18 Fri Oct 2024	207.39	174.80	210.35	166.66	1.14 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Pennar Industries stock for short term is BUY. Signal strength is Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 195.45 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.