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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 2024-12-17 View latest technical analysis

10 day averaged volume of Pennar Industries is 1147872

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	206.64	212.00	213.60	205.23	0.732 times
16 Mon Dec 2024	212.38	215.61	217.06	210.36	0.433 times
13 Fri Dec 2024	215.61	221.00	223.78	212.11	2.128 times
12 Thu Dec 2024	214.56	218.11	218.64	213.10	0.36 times
11 Wed Dec 2024	218.11	219.99	222.21	217.10	0.425 times
10 Tue Dec 2024	220.64	219.98	226.50	219.00	0.844 times
09 Mon Dec 2024	218.70	223.00	224.85	217.90	0.661 times
06 Fri Dec 2024	220.79	217.00	227.70	215.10	1.592 times
05 Thu Dec 2024	217.97	225.00	227.38	216.05	1.218 times
04 Wed Dec 2024	222.67	217.75	223.70	214.16	1.374 times

My analysis of stock is bearish for shortterm, and stock might move down till 198.7 or till 185.6. Use a stoploss of 209.52 and if the stock hits stoploss, then it can shoot up till 220.37

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
Upside Target	213.65
Upside Target	215.00
Upside Target	217.06
Upside Target	226.50
Upside Target	227.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	202.23
Downside Intraday Target	197.81
Upside Intraday Target	214.06
Upside Intraday Target	221.47
Upside Intraday Target	209.64

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	206.64	215.61	217.06	205.23	0.264 times
13 Fri Dec 2024	215.61	223.00	226.50	212.11	0.541 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

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
17 Tue Dec 2024	206.64	209.00	227.70	205.23	0.691 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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.

Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and SELL 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 217.64 and Pennar Industries (PENIND) stock is trading below this level. This means that stock is falling with high volumes. 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.