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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 2025-01-03 View latest technical analysis

10 day averaged volume of Pennar Industries is 698555

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	196.66	201.80	201.80	195.95	0.626 times
02 Thu Jan 2025	200.23	201.00	205.20	199.47	0.537 times
01 Wed Jan 2025	203.60	196.60	204.29	193.49	1.363 times
31 Tue Dec 2024	193.49	193.00	194.80	190.11	0.633 times
30 Mon Dec 2024	194.85	200.00	202.00	193.90	0.694 times
27 Fri Dec 2024	198.64	196.00	203.44	195.62	1.133 times
26 Thu Dec 2024	196.58	200.00	200.88	193.23	0.561 times
24 Tue Dec 2024	196.71	190.69	200.89	187.12	1.636 times
23 Mon Dec 2024	188.94	198.65	198.65	187.68	0.924 times
20 Fri Dec 2024	191.69	203.77	204.76	190.15	1.645 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 194.6 as stoploss in an intra day buy trade for a target of 204.8. However, stock will show a bearish move below 194.6.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	166.66
Downside Target	185.00
Upside Target	203.44
Upside Target	208.67
Upside Target	212.11
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	189.45
Downside Intraday Target	182.23
Upside Intraday Target	204.54
Upside Intraday Target	212.41
Upside Intraday Target	197.32

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	196.66	200.00	205.20	190.11	0.906 times
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

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
03 Fri Jan 2025	196.66	196.60	205.20	193.49	0.08 times
31 Tue Dec 2024	193.49	209.00	227.70	187.12	0.966 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Pennar Industries ( (PENIND) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.

Pennar Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 but SELL signal is weak.

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 196.15 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 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.