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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 2024-11-21 View latest technical analysis

10 day averaged volume of Pennar Industries is 1134908

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	197.30	187.00	199.00	180.85	1.951 times
19 Tue Nov 2024	181.80	185.00	187.80	179.41	0.478 times
18 Mon Nov 2024	182.61	179.95	184.53	173.00	0.599 times
14 Thu Nov 2024	177.23	175.38	179.50	172.11	0.971 times
13 Wed Nov 2024	173.29	180.20	180.20	167.70	2.311 times
12 Tue Nov 2024	182.99	192.00	192.90	181.51	0.633 times
11 Mon Nov 2024	192.49	193.50	197.00	189.24	0.609 times
08 Fri Nov 2024	193.75	203.39	203.39	192.40	0.792 times
07 Thu Nov 2024	203.68	207.71	209.61	201.30	0.729 times
06 Wed Nov 2024	205.60	198.15	210.00	197.14	2.078 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 199.2 as stoploss in an intra day sell trade for a target of 190.38. However, stock will show a bullish move above 199.2.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	173.00
Downside Target	180.99
Downside Target	185.00
Downside Target	191.00
Downside Target	197.00
Upside Target	199.20
Upside Target	201.33
Upside Target	204.12
Upside Target	210.00
Upside Target	215.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	180.53
Downside Intraday Target	163.77
Upside Intraday Target	206.53
Upside Intraday Target	215.77
Downside Intraday Target	189.77

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	197.30	179.95	199.00	173.00	0.669 times
14 Thu Nov 2024	177.23	193.50	197.00	167.70	0.782 times
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

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
21 Thu Nov 2024	197.30	198.80	210.00	167.70	0.359 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 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 189.76 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 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.