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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 2024-12-24 View latest technical analysis

10 day averaged volume of Pennar Industries is 869438

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	196.71	190.69	200.89	187.12	1.315 times
23 Mon Dec 2024	188.94	198.65	198.65	187.68	0.743 times
20 Fri Dec 2024	191.69	203.77	204.76	190.15	1.322 times
19 Thu Dec 2024	203.77	201.50	205.89	198.72	0.702 times
18 Wed Dec 2024	203.42	206.64	211.58	202.05	0.734 times
17 Tue Dec 2024	206.64	212.00	213.60	205.23	0.967 times
16 Mon Dec 2024	212.38	215.61	217.06	210.36	0.572 times
13 Fri Dec 2024	215.61	221.00	223.78	212.11	2.81 times
12 Thu Dec 2024	214.56	218.11	218.64	213.10	0.476 times
11 Wed Dec 2024	218.11	219.99	222.21	217.10	0.561 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 200.2, but if it comes above 200.2, then a intra day buy could be more profitable.
If you take a sell trade below 200.2, then use 200.2 as stoploss and 188.2 as target. However if you take a buy trade in stock , then use 200.2 as stoploss and 210.1 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	185.00
Downside Target	194.11
Upside Target	200.89
Upside Target	208.67
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	188.92
Downside Intraday Target	181.14
Upside Intraday Target	202.69
Upside Intraday Target	208.68
Downside Intraday Target	194.91

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	196.71	198.65	200.89	187.12	0.479 times
20 Fri Dec 2024	191.69	215.61	217.06	190.15	0.737 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

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
24 Tue Dec 2024	196.71	209.00	227.70	187.12	0.874 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 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 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 SELL. Signal strength is Strong 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Pennar Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 205.5 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.