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 2024-11-07 View latest technical analysis

10 day averaged volume of Pennar Industries is 1288803

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	203.68	207.71	209.61	201.30	0.642 times
06 Wed Nov 2024	205.60	198.15	210.00	197.14	1.83 times
05 Tue Nov 2024	198.13	199.00	203.89	196.25	0.705 times
04 Mon Nov 2024	198.62	195.67	203.90	191.00	1.22 times
01 Fri Nov 2024	196.68	198.80	199.20	189.17	0.289 times
31 Thu Oct 2024	194.60	186.99	197.00	186.61	1.279 times
30 Wed Oct 2024	185.36	180.81	187.45	179.80	0.595 times
29 Tue Oct 2024	179.80	186.30	188.41	176.00	0.836 times
28 Mon Oct 2024	186.29	184.96	191.95	182.75	0.748 times
25 Fri Oct 2024	185.29	194.30	195.40	180.99	1.293 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 200.8, but if it comes below 200.8, then a intra day sell could be more profitable.
If you take a sell trade below 200.8, then use 200.8 as stoploss and 191.87 as target. However if you take a buy trade in stock , then use 200.8 as stoploss and 211.6 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	176.00
Downside Target	180.99
Downside Target	185.00
Downside Target	199.20
Downside Target	201.33
Upside Target	204.12
Upside Target	210.00
Upside Target	210.35
Upside Target	215.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	193.12
Downside Intraday Target	182.56
Upside Intraday Target	212.12
Upside Intraday Target	220.56
Downside Intraday Target	201.56

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	203.68	195.67	210.00	191.00	1.173 times
01 Fri Nov 2024	196.68	184.96	199.20	176.00	0.327 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

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
07 Thu Nov 2024	203.68	198.80	210.00	189.17	0.14 times
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

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 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 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 Strong and stock is losing 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 coming down

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 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 194.37 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.