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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 2024-10-31 View latest technical analysis

10 day averaged volume of Pennar Industries is 2865478

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	194.60	186.99	197.00	186.61	0.575 times
30 Wed Oct 2024	185.36	180.81	187.45	179.80	0.268 times
29 Tue Oct 2024	179.80	186.30	188.41	176.00	0.376 times
28 Mon Oct 2024	186.29	184.96	191.95	182.75	0.336 times
25 Fri Oct 2024	185.29	194.30	195.40	180.99	0.581 times
24 Thu Oct 2024	193.49	198.51	203.95	192.00	0.542 times
23 Wed Oct 2024	198.52	188.82	204.80	187.49	1.519 times
22 Tue Oct 2024	187.43	204.00	205.09	186.02	0.821 times
21 Mon Oct 2024	203.14	209.80	215.00	197.15	1.686 times
18 Fri Oct 2024	207.39	184.00	210.35	181.60	3.41 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 195.1 as stoploss in an intra day sell trade for a target of 186.09. However, stock will show a bullish move above 195.1.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	162.27
Downside Target	176.00
Downside Target	180.99
Downside Target	185.00
Downside Target	194.39
Upside Target	197.00
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	181.4
Downside Intraday Target	168.2
Upside Intraday Target	202.4
Upside Intraday Target	210.2
Downside Intraday Target	189.2

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	194.60	184.96	197.00	176.00	0.302 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 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
31 Thu Oct 2024	194.60	174.80	215.00	166.66	2.051 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Pennar Industries in short term but the sell signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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 198.68 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.