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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 2024-12-27 View latest technical analysis

10 day averaged volume of Pennar Industries is 877306

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	198.64	196.00	203.44	195.62	0.902 times
26 Thu Dec 2024	196.58	200.00	200.88	193.23	0.446 times
24 Tue Dec 2024	196.71	190.69	200.89	187.12	1.303 times
23 Mon Dec 2024	188.94	198.65	198.65	187.68	0.736 times
20 Fri Dec 2024	191.69	203.77	204.76	190.15	1.31 times
19 Thu Dec 2024	203.77	201.50	205.89	198.72	0.696 times
18 Wed Dec 2024	203.42	206.64	211.58	202.05	0.727 times
17 Tue Dec 2024	206.64	212.00	213.60	205.23	0.958 times
16 Mon Dec 2024	212.38	215.61	217.06	210.36	0.567 times
13 Fri Dec 2024	215.61	221.00	223.78	212.11	2.785 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 199.3, but if it comes above 199.3, then a intra day buy could be more profitable.
If you take a sell trade below 199.3, then use 199.3 as stoploss and 186.8 as target. However if you take a buy trade in stock , then use 199.3 as stoploss and 209.66 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	201.33
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	189.36
Downside Intraday Target	180.08
Upside Intraday Target	205.68
Upside Intraday Target	212.72
Downside Intraday Target	196.4

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	198.64	198.65	203.44	187.12	0.795 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
27 Fri Dec 2024	198.64	209.00	227.70	187.12	0.926 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 203.44 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.