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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 2024-10-29 View latest technical analysis

10 day averaged volume of Pennar Industries is 2807017

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	179.80	186.30	188.41	176.00	0.384 times
28 Mon Oct 2024	186.29	184.96	191.95	182.75	0.343 times
25 Fri Oct 2024	185.29	194.30	195.40	180.99	0.594 times
24 Thu Oct 2024	193.49	198.51	203.95	192.00	0.553 times
23 Wed Oct 2024	198.52	188.82	204.80	187.49	1.55 times
22 Tue Oct 2024	187.43	204.00	205.09	186.02	0.838 times
21 Mon Oct 2024	203.14	209.80	215.00	197.15	1.721 times
18 Fri Oct 2024	207.39	184.00	210.35	181.60	3.481 times
17 Thu Oct 2024	185.87	185.80	189.00	180.35	0.47 times
16 Wed Oct 2024	184.87	182.96	186.10	182.07	0.192 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 176.7 as stoploss in an intra day buy trade for a target of 185.55. However, stock will show a bearish move below 176.7.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	162.27
Downside Target	176.00
Upside Target	180.99
Upside Target	185.00
Upside Target	191.95
Upside Target	194.39
Upside Target	201.33
Upside Target	204.12
Upside Target	210.35
Upside Target	215.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	173.22
Downside Intraday Target	166.63
Upside Intraday Target	189.17
Upside Intraday Target	198.53
Upside Intraday Target	182.58

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	179.80	184.96	191.95	176.00	0.138 times
25 Fri Oct 2024	185.29	209.80	215.00	180.99	1.09 times
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

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
29 Tue Oct 2024	179.80	174.80	215.00	166.66	1.937 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, and volume has increased substantially. This means that the move can 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 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.

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 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 green color and prices are in or below the green 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

Although the stock is in the BUY zone, but buying 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 198.42 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 positive

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