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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 2024-11-08 View latest technical analysis

10 day averaged volume of Pennar Industries is 1216321

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	193.75	203.39	203.39	192.40	0.739 times
07 Thu Nov 2024	203.68	207.71	209.61	201.30	0.681 times
06 Wed Nov 2024	205.60	198.15	210.00	197.14	1.939 times
05 Tue Nov 2024	198.13	199.00	203.89	196.25	0.747 times
04 Mon Nov 2024	198.62	195.67	203.90	191.00	1.293 times
01 Fri Nov 2024	196.68	198.80	199.20	189.17	0.307 times
31 Thu Oct 2024	194.60	186.99	197.00	186.61	1.355 times
30 Wed Oct 2024	185.36	180.81	187.45	179.80	0.631 times
29 Tue Oct 2024	179.80	186.30	188.41	176.00	0.886 times
28 Mon Oct 2024	186.29	184.96	191.95	182.75	0.792 times

My analysis of stock is bullish for shortterm, and stock might move up till 201 or till 211.1. Use a stoploss of 192.67 and if this stock hits its stoploss, then it can fall down till 184.31

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
Upside Target	199.20
Upside 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	186.5
Downside Intraday Target	179.25
Upside Intraday Target	205.5
Upside Intraday Target	217.25
Upside Intraday Target	198.25

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	193.75	195.67	210.00	191.00	1.36 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 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
08 Fri Nov 2024	193.75	198.80	210.00	189.17	0.16 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 down 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 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 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 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 BUY signal for Pennar Industries in short term and the buy signal is strong.

Pennar Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 195.65 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.