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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 2024-11-25 View latest technical analysis

10 day averaged volume of Pennar Industries is 1186224

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	195.58	203.59	204.80	194.11	0.556 times
22 Fri Nov 2024	202.16	199.30	203.80	192.00	1.32 times
21 Thu Nov 2024	197.30	187.00	199.00	180.85	1.867 times
19 Tue Nov 2024	181.80	185.00	187.80	179.41	0.457 times
18 Mon Nov 2024	182.61	179.95	184.53	173.00	0.573 times
14 Thu Nov 2024	177.23	175.38	179.50	172.11	0.929 times
13 Wed Nov 2024	173.29	180.20	180.20	167.70	2.211 times
12 Tue Nov 2024	182.99	192.00	192.90	181.51	0.605 times
11 Mon Nov 2024	192.49	193.50	197.00	189.24	0.583 times
08 Fri Nov 2024	193.75	203.39	203.39	192.40	0.758 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 199.8 as stoploss in an intra day sell trade for a target of 190.66. However, stock will show a bullish move above 199.8.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	173.00
Downside Target	185.00
Downside Target	191.00
Upside Target	199.20
Upside Target	201.33
Upside Target	203.80
Upside Target	204.12
Upside Target	204.80
Upside Target	210.00
Upside Target	215.00

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	191.53
Downside Intraday Target	187.47
Upside Intraday Target	202.22
Upside Intraday Target	208.85
Upside Intraday Target	198.16

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	195.58	203.59	204.80	194.11	0.132 times
22 Fri Nov 2024	202.16	179.95	203.80	173.00	0.974 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

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
25 Mon Nov 2024	195.58	198.80	210.00	167.70	0.41 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 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 gaining 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 red color and prices are in or above the red 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

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 187.57 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 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.