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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 2024-12-02 View latest technical analysis

10 day averaged volume of Pennar Industries is 1188779

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	219.17	209.00	222.45	208.67	2.918 times
29 Fri Nov 2024	208.67	203.41	213.65	200.05	1.796 times
28 Thu Nov 2024	203.41	200.51	209.80	200.49	1.417 times
27 Wed Nov 2024	200.56	196.50	203.94	195.05	0.594 times
26 Tue Nov 2024	196.09	194.55	201.30	194.55	0.504 times
25 Mon Nov 2024	195.58	203.59	204.80	194.11	0.555 times
22 Fri Nov 2024	202.16	199.30	203.80	192.00	1.317 times
21 Thu Nov 2024	197.30	187.00	199.00	180.85	1.863 times
19 Tue Nov 2024	181.80	185.00	187.80	179.41	0.456 times
18 Mon Nov 2024	182.61	179.95	184.53	173.00	0.572 times

Stock of Pennar Industries (PENIND) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 219.6, for a target of 206.5 or 195.49

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
Downside Target	201.33
Downside Target	208.67
Downside Target	210.00
Downside Target	213.65
Downside Target	215.00
Upside Target	222.45

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	211.08
Downside Intraday Target	202.98
Upside Intraday Target	224.86
Upside Intraday Target	230.54
Downside Intraday Target	216.76

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	219.17	209.00	222.45	208.67	0.6 times
29 Fri Nov 2024	208.67	203.59	213.65	194.11	1.156 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

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
02 Mon Dec 2024	219.17	209.00	222.45	208.67	0.152 times
29 Fri Nov 2024	208.67	198.80	213.65	167.70	0.528 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

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 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 Strong 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 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 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 204.32 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.