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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 2024-12-10 View latest technical analysis

10 day averaged volume of Pennar Industries is 1526175

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	220.64	219.98	226.50	219.00	0.635 times
09 Mon Dec 2024	218.70	223.00	224.85	217.90	0.497 times
06 Fri Dec 2024	220.79	217.00	227.70	215.10	1.197 times
05 Thu Dec 2024	217.97	225.00	227.38	216.05	0.916 times
04 Wed Dec 2024	222.67	217.75	223.70	214.16	1.034 times
03 Tue Dec 2024	217.55	220.40	221.79	215.05	0.726 times
02 Mon Dec 2024	219.17	209.00	222.45	208.67	2.273 times
29 Fri Nov 2024	208.67	203.41	213.65	200.05	1.399 times
28 Thu Nov 2024	203.41	200.51	209.80	200.49	1.104 times
27 Wed Nov 2024	200.56	196.50	203.94	195.05	0.463 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 217.4, but if it comes below 217.4, then a intra day sell could be more profitable.
If you take a sell trade below 217.4, then use 217.4 as stoploss and 201.58 as target. However if you take a buy trade in stock , then use 217.4 as stoploss and 236.4 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	173.00
Downside Target	185.00
Downside Target	194.11
Downside Target	201.33
Downside Target	208.67
Downside Target	213.65
Downside Target	215.00
Downside Target	217.90
Upside Target	226.50
Upside Target	227.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	216.86
Downside Intraday Target	213.08
Upside Intraday Target	225.46
Upside Intraday Target	230.28
Upside Intraday Target	221.68

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	220.64	223.00	226.50	217.90	0.184 times
06 Fri Dec 2024	220.79	209.00	227.70	208.67	1.621 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

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
10 Tue Dec 2024	220.64	209.00	227.70	208.67	0.486 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 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 215.59 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.