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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 2025-01-06 View latest technical analysis

10 day averaged volume of Pennar Industries is 681231

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	192.85	196.00	197.00	188.00	1.092 times
03 Fri Jan 2025	196.66	201.80	201.80	195.95	0.642 times
02 Thu Jan 2025	200.23	201.00	205.20	199.47	0.55 times
01 Wed Jan 2025	203.60	196.60	204.29	193.49	1.397 times
31 Tue Dec 2024	193.49	193.00	194.80	190.11	0.649 times
30 Mon Dec 2024	194.85	200.00	202.00	193.90	0.712 times
27 Fri Dec 2024	198.64	196.00	203.44	195.62	1.161 times
26 Thu Dec 2024	196.58	200.00	200.88	193.23	0.575 times
24 Tue Dec 2024	196.71	190.69	200.89	187.12	1.678 times
23 Mon Dec 2024	188.94	198.65	198.65	187.68	0.948 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 193.6, but if it comes above 193.6, then a intra day buy could be more profitable.
If you take a sell trade below 193.6, then use 193.6 as stoploss and 181.9 as target. However if you take a buy trade in stock , then use 193.6 as stoploss and 203.4 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	166.66
Downside Target	185.00
Upside Target	197.00
Upside Target	203.44
Upside Target	205.20
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	188.23
Downside Intraday Target	183.62
Upside Intraday Target	197.23
Upside Intraday Target	201.62
Downside Intraday Target	192.62

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	192.85	196.00	197.00	188.00	0.276 times
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

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
06 Mon Jan 2025	192.85	196.60	205.20	188.00	0.114 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 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Pennar Industries stock for short term is SELL. Signal strength is Strong and stock is gaining 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 tired and bears are picking up momentum.

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

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